Source: Sharecast
The Financial Times cited people familiar with the matter as saying that Musk is targeting mid-June for the IPO, when Jupiter and Venus will appear very close together, known as a conjunction, for the first time in more than three years.
Sources told the FT that SpaceX is seeking to raise as much as $50bn at a valuation of roughly $1.5tn, which would make it the largest IPO in history and far exceed the $29bn raised by Saudi Aramco in 2019. Sources cautioned that all figures remain preliminary and may change.
Last week, the FT reported that SpaceX was lining up Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley for lead roles on the deal.
On 8 and 9 June, Jupiter and Venus will be "within a little more than 1 degree of each other in the sky, about the width of a thumb held at arm’s length", according to non-profit organisation The Planetary Society. A few days later, Mercury will also align diagonally with the two planets.
Another reason to target that month is Musk’s birthday on 28 June, sources told the FT.
