SpaceX, led by CEO Elon Musk, is considering a June timeframe for its highly anticipated Initial Public Offering (IPO), as reported by the Financial Times. Musk’s preference for June aligns with his birthday on June 28th and a rare celestial event involving Mercury, Venus, and Jupiter in early June.
The IPO, whenever it occurs, is expected to be a significant event, with SpaceX aiming to raise a minimum of $50 billion and achieve a valuation of $1.5 trillion, although these figures are subject to change, according to the Financial Times.
SpaceX’s funding ambitions are driven by its ongoing Starship rocket development, with the ultimate goal of enabling human missions to Mars. As one of the United States’ most valuable private enterprises, SpaceX recently conducted a secondary sale in December, which valued the company at $800 billion.
Source: TechCrunch