Elon Musk eyes historic $50 billion SpaceX IPO at $1.5 trillion valuation
Elon Musk plans a SpaceX initial public offering in June to coincide with his June 28 birthday and an early-June alignment of Mercury, Venus, and Jupiter, according to the Financial Times.
The Financial Times reports that Musk eyes this timing for the company’s blockbuster IPO. SpaceX aims to raise at least $50 billion through the offering at a $1.5 trillion valuation. The publication notes these figures could change before the event occurs.
SpaceX requires additional funding to construct its Starship rocket, which the company designs for missions to Mars. The rocket represents a key element in SpaceX’s long-term space exploration objectives.
SpaceX ranks among the most valuable private companies in the United States. In December, the company completed a secondary sale that established its valuation at $800 billion.