Elon Musk Mulls Mid-June SpaceX IPO Under Rare Planetary Alignment And His Birthday: Report – AST SpaceMobile (NASDAQ:ASTS), Bank of America (NYSE:BAC)

Elon Musk is reportedly exploring an unusual timing for SpaceX’s IPO, possibly aligning it with a rare planetary event and his birthday.

Bankers Warn Timeline May Be Tight

Musk, the founder of the company, is considering a mid-June IPO for SpaceX, a time when Jupiter and Venus will be in close proximity, a phenomenon known as a conjunction, reported the Financial Times on Wednesday. This planetary alignment is set to happen for the first time in over three years.

SpaceX did not immediately respond to Benzinga‘s request for comment.

The company plans to raise up to $50 billion, potentially valuing it at around $1.5 trillion, which would make it the largest IPO ever, surpassing Saudi Aramco‘s $29 billion listing in 2019. However, the figures remain preliminary and subject to change.

Some bankers and investors told the FT that a June IPO could be overly ambitious, as the company still must file its Form S-1 with the SEC and conduct a global roadshow to market the shares.

SpaceX IPO Buzz Could Lift Space Stocks