Key Points
- Elon Musk is reportedly considering a specific and unusual timing for a potential SpaceX IPO.
- This celestial event also falls in the same month as Musk’s 55th birthday.
- The move is another example of Musk’s love for symbolism and his unconventional business practices.
- The SpaceX IPO is expected to be the largest in history, with a potential valuation of $1.5 trillion.
Elon Musk is apparently considering a truly out-of-this-world timing for a potential initial public offering of his rocket company, SpaceX. According to a new report from the Financial Times, Musk has suggested that the IPO should coincide with a planetary alignment in June, when Jupiter and Venus will appear very close together in the sky.
This celestial event also happens to fall in the same month as Musk’s 55th birthday.
For any other company, this would be a bizarre and nonsensical reason to time a major financial event. But for Elon Musk, it’s just another example of his love for symbolism and his tendency to mix jokes and memes with serious business. He famously tweeted about taking Tesla private at $420 a share, a not-so-subtle reference to cannabis culture.
While the final decision on the timing of an IPO will ultimately depend on market conditions and investor demand, the report offers a fascinating glimpse into Musk’s unique way of thinking.
If and when it does happen, the SpaceX IPO is expected to be a massive event. The company is reportedly looking to raise as much as $50 billion at a valuation of around $1.5 trillion. That would make it the largest IPO in history, and it would undoubtedly be one of the most talked-about market events of the year, planetary alignment or not.
