Elon Musk floats SpaceX IPO to coincide with birthday, planetary alignment: report

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Elon Musk Plans to Time SpaceX IPO with Rare Planetary Alignment and His Birthday

According to reports, Elon Musk is considering launching SpaceX’s initial public offering (IPO) in mid-June to coincide with a rare planetary alignment and his own birthday.

The billionaire entrepreneur has suggested going public around mid-June, when Jupiter and Venus are expected to be in conjunction for the first time in three years. This timing also aligns with Musk’s 55th birthday on June 28.

SpaceX, the private aerospace company with significant contracts with NASA and its Starlink satellite internet service, aims to raise up to $50 billion at a valuation of $1.5 billion, as reported by the Financial Times.

Elon Musk’s SpaceX is aiming to raise up to $50 billion at a $1.5 billion valuation, according to the FT. REUTERS

If successful, this IPO would be the largest in history in terms of funds raised, surpassing Saudi Aramco’s $29 billion IPO in 2019. However, the timing and size of the IPO are subject to change, according to sources.

Musk has a history of adding unique elements to his business deals, such as his infamous $420 per share tweet regarding Tesla’s public offering and offering to buy Twitter for $54.20 per share in 2022.

Financial institutions like Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are expected to play key roles in SpaceX’s IPO, with the possibility of other banks participating as well.

A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration's (NOAA) weather satellite Geostationary Operational Environmental Satellite U (GOES-U) lifts off from Launch Complex 39A at NASA's Kennedy Space Center, Florida, June 25, 2024. — A SpaceX Falcon Heavy rocket carrying a National Oceanic and Atmospheric Administration’s (NOAA) satellite lifts off from NASA’s Kennedy Space Center in Florida on June 25, 2024. AFP via Getty Images

SpaceX’s CFO Bret Johnsen has indicated the possibility of a public offering in 2026, but emphasized the uncertainty surrounding the timing and execution of the deal. Talks with private investors have been ongoing since December, with a potential mid-year IPO in sight.

The funds raised from the IPO could support Musk’s ambitious projects, including establishing colonies on the Moon and Mars, as well as launching AI data centers in space.

The Post has reached out to SpaceX for comment.