"Elon Musk has suggested timing a possible initial public offering of SpaceX to coincide with a planetary phenomenon and his birthday in June, the Financial Times reported. The owner of the rocket maker is considering timing the offering to coincide with when Jupiter and Venus appear very close together, the FT reported, citing five people familiar with the matter. That suggests a date in the middle of June, the same month the billionaire turns 55."
"The logic behind such a choice would be surreal for most companies, but Musk has a long-held record of leaning into symbolism, and jokes with even the most serious business decisions. To be clear, the timing of IPOs is typically driven by investor appetite, market conditions and company readiness. The owner of Telsa tweeted about taking Tesla private at $420 a share, widely interpreted as a reference to April 20, a day of celebration for cannabis smokers."
Elon Musk is considering timing a SpaceX initial public offering to coincide with a close apparent conjunction of Jupiter and Venus in mid‑June, aligning with his 55th birthday. The offering could seek as much as $50 billion at an approximate $1.5 trillion valuation, potentially making it the largest IPO in history. Musk has a history of symbolic gestures, such as a Tesla tweet referencing $420 and renaming Twitter to X linked to X.com. IPO timing is typically influenced by investor appetite, market conditions and company readiness. SpaceX did not provide comment.
Read at www.mercurynews.com
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