"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."
Elon Musk is eyeing June for SpaceX's IPO, aiming to coincide with his June 28 birthday and a rare planetary alignment in early June. SpaceX plans to raise at least $50 billion and target a $1.5 trillion valuation, though those figures may change. The company seeks additional funding to build the Starship rocket for Mars missions. SpaceX ranks among the nation's most valuable private companies. A December secondary sale implied an $800 billion valuation. The IPO timing, final raise amount, and valuation remain subject to adjustment based on funding needs and market conditions.
Read at TechCrunch
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