SpaceX, the U.S. space exploration company led by Elon Musk, is reportedly planning to pursue the largest initial public offering in history in June, timing it to coincide with a planetary alignment and CEO Musk's birthday.
The Financial Times reported on the 28th (local time), citing five sources, that SpaceX has targeted mid-June for its listing—when Jupiter and Venus will be most closely aligned. According to the nonprofit Planetary Society, Jupiter and Venus will appear very close together when viewed from Earth on June 8-9, with Mercury joining the alignment a few days later. Musk's birthday on June 28 was also reportedly a significant factor in determining the listing timing.
This is not the first time Musk has engaged in such eccentric behavior. In 2018, he claimed he would take Tesla private at $420 per share—a figure interpreted as a reference to April 20, a day celebrated by cannabis users advocating for marijuana legalization.
SpaceX aims to raise up to $50 billion (approximately 71 trillion won) through the IPO and achieve a valuation of $1.5 trillion (approximately 2,140 trillion won). If successful, the offering would surpass the record for the largest IPO ever, set by Saudi Arabian state oil company Aramco in 2019 at $29 billion.
However, some in financial circles point out that a June listing target may be unrealistically tight. They note there may not be enough time to file a registration statement with the U.S. Securities and Exchange Commission (SEC) and conduct a global roadshow for investors.
