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Musk Proposed To Put SpaceX On The Stock Market As Jupiter And Venus Converge

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Musk Proposed To Put SpaceX On The Stock Market As Jupiter And Venus Converge

On this day, the businessman will celebrate his 55th birthday.

The richest man on the planet Ilon Musk has suggested timing a possible initial public offering (IPO) of SpaceX to coincide with the moment of maximum convergence of Jupiter and Venus, which is expected in June, as well as the 55th anniversary of the billionaire himself, who was born on June 28. The Financial Times writes about it, citing five sources.

The timing of the IPO is usually determined by investor interest, market conditions and the readiness of the company itself, but Musk has long been known for his penchant for symbolism and often approaches even the most serious business decisions extravagantly.

According to the FT, the plan is to raise up to $50 billion at a SpaceX valuation of about $1.5 trillion, making it the largest IPO in history.

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