Elon Musk is reportedly targeting June for SpaceX’s initial public offering, according to the Financial Times. He wants the IPO to coincide with his June 28 birthday and a rare early-June alignment of Mercury, Venus, and Jupiter.
The offering seeks to raise at least $50 billion at a $1.5 trillion valuation, figures that may change. The funding will support construction of SpaceX’s Starship rocket, designed to reach Mars.
SpaceX ranks among the United States’ most valuable private companies. In December, it completed a secondary sale that valued the company at $800 billion.
