PANews reported on April 3rd that, according to sources familiar with the matter, SpaceX has raised its target valuation for its initial public offering to over $2 trillion. These sources stated that the company and its advisors are disclosing this valuation target to potential investors in preparation for meetings in the coming weeks. As previously reported by foreign media, these so-called "trial" briefings may contain more information supporting this valuation. In February, it was reported that SpaceX's valuation after acquiring Musk's xAI was $1.25 trillion. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except for Nvidia, Apple, Alphabet (Google's parent company), Microsoft, and Amazon, and would also surpass two other members of the "Big Seven" of US stocks—Meta and Musk's own Tesla.

Earlier today, it was reported that Saudi Arabia's Public Investment Fund is considering subscribing to $5 billion worth of shares in SpaceX's IPO.