Elon Musk’s aerospace company is reportedly targeting a mid-June IPO because there will be a spectacular planetary alignment that month. Yes, really.
After more than two decades as a private company, it was beginning to feel as though Elon Musk’s SpaceX was waiting for some sort of cosmic sign to go public. Now, rumors suggest it actually was.
Musk confirmed SpaceX IPO plans for 2026 in December, but the exact timing of the offering remained an open question. That changed on Wednesday, when the Financial Times reported that the aerospace manufacturer is targeting mid-June because Jupiter and Venus will be in conjunction earlier that month, according to five sources familiar with the matter.
These sources also confirmed that SpaceX is seeking to raise up to $50 billion at a valuation of roughly $1.5 trillion, according to the Financial Times. This would make it the largest IPO in history, blowing the current record holder—Saudi Aramco’s $29 billion IPO—out of the water. They added, however, that these figures are preliminary and subject to change.
Gizmodo was not able to independently verify these claims, and SpaceX did not respond to a request for comment.An IPO written in the stars
According to The Planetary Society, Jupiter and Venus—the two brightest planets in the night sky—will appear only one degree apart from June 8 to 9.
