Elon Musk is eyeing a blockbuster SpaceX IPO sometime in June, according to financial Times. The billionaire reportedly wants the offer to coincide with both his birthday (June 28) and rare alignment of Mercury, Venus and Jupiter (occurring in early June).
However, whenever it does happen, SpaceX’s IPO will likely be one of the largest in history: It’s trying to raise at least $50 billion at a $1.5 trillion valuation, according to the FT (which also mentioned that those figures are likely to change).
The company wants more funding as it builds its Starship rocket with the goal of reaching Mars. SpaceX is one of the country’s most valuable private companies, and it’s here to last a secondary sale It will get a valuation of $800 billion in December.
