SpaceX Targets $50 Billion IPO Amid Celestial Event and Musk’s Birthday
SpaceX is preparing for a mid-June initial public offering with ambitions to raise up to $50 billion, potentially eclipsing Saudi Aramco's record $29 billion debut. The launch window coincides with a rare planetary alignment of Jupiter and Venus—an event not seen in over three years—and aligns with CEO Elon Musk's birthday on June 28.
Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are leading the offering. The timing reflects Musk's penchant for theatricality, leveraging both astronomical phenomena and personal milestones to amplify market interest. No direct cryptocurrency or exchange linkages were identified in the announcement.