Elon Musk is reportedly exploring an unusual timing for SpaceX's IPO, possibly aligning it with a rare planetary event and his birthday.
Bankers Warn Timeline May Be Tight
Musk, the founder of the company, is considering a mid-June IPO for SpaceX, a time when Jupiter and Venus will be in close proximity, a phenomenon known as a conjunction, reported the Financial Times on Wednesday. This planetary alignment is set to happen for the first time in over three years.
SpaceX did not immediately respond to Benzinga‘s request for comment.
The company plans to raise up to $50 billion, potentially valuing it at around $1.5 trillion, which would make it the largest IPO ever, surpassing Saudi Aramco's $29 billion listing in 2019. However, the figures remain preliminary and subject to change.
Some bankers and investors told the FT that a June IPO could be overly ambitious, as the company still must file its Form S-1 with the SEC and conduct a global roadshow to market the shares.
SpaceX IPO Buzz Could Lift Space Stocks
SpaceX has been preparing for its IPO for some time now. The company has already selected Bank of America Corp. (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), and Morgan Stanley (NYSE:MS) for senior roles.
SpaceX executives have been in discussions with investment bankers as preparations accelerate for a potential public listing. The group is currently conducting a sale of existing shares that would value it at around $800 billion.
SpaceX's potential IPO could further ignite the recent rally in space-related stocks. The Procure Space ETF (NASDAQ:UFO) may stand to gain from the growing investor enthusiasm. Speaking to Benzinga, Procure Holdings CEO Andrew Chanin said 2026 could mark a turning point for what he describes as the long-"misunderstood" space sector, finally bringing it into the spotlight.
Some of the space stocks to watch out for are AST SpaceMobile, Inc. (NASDAQ:ASTS), Rocket Lab Corp. (NASDAQ:RKLB) and Starfighters Space (AMEX:FJET).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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