Khaberni - SpaceX, owned by Elon Musk, is studying the timing of its public offering to occur in mid-June, coinciding with the closeness of Jupiter and Venus, the same month the billionaire celebrates his 55th birthday, according to the Financial Times.
The newspaper reported, citing five informed sources, that Elon Musk, known for using symbols and special timings in his decisions, sees this date as a special symbol for his company, although the timing of public offerings is usually determined based on investor demand, market conditions, and company readiness.
This comes after Musk used similar symbols in previous decisions, such as turning Tesla into a private company at $420 per share, in reference to April 20th, or renaming the Twitter platform to X, in reference to his previous company X.com.
SpaceX aims to raise up to $50 billion from the public offering, with a market value of approximately $1.5 trillion, which could make it the largest public offering in history.
SpaceX did not respond to the Financial Times or Bloomberg's request for comment on the plan.
This move demonstrates Musk's ambition to expand the funding sources of SpaceX, which is one of the leading space rocket manufacturing companies in the world, as the billionaire continues to blend personal symbolism with major business decisions.
