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Elon Musk is eyeing sometime in June for SpaceX’s blockbuster IPO, according to the Financial Times. The billionaire reportedly wants the offering to coincide with both his birthday (June 28th) and the rare alignment of Mercury, Venus, and Jupiter (which is happening in early June).
Regardless of when it happens, though, SpaceX’s IPO will likely be one of the largest in history: It’s looking to raise at least $50 billion at a $1.5 trillion valuation, per the FT (which also noted that those figures are likely to change).
The company wants more funding as it builds its Starship rocket, aiming to reach Mars. SpaceX is one of the nation’s most valuable private companies, and it last held a secondary sale in December that would give it an $800 billion valuation.
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