technically yes,
you'd just have to make a really large animated model.
use the model convertor. to start, move the model off about 64 tiles to the left. save a copy. adjust a bit, save a copy, repeat until you have a dozen or so models with the planet in a different spot. then chain them together and save as an animated model that you build in the center of the world.
every player would see the planet in a different place though since animations are done per client and start when a player logs in.