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SpaceX is moving ahead with plans for one of the most anticipated IPOs in history as it hosts analysts this week for three days of closed-door meetings at its launch facility in Texas and mega-sized data center in Tennessee, according to three people familiar with the matter.
Elon Musk’s company is holding the briefings for Wall Street’s top aerospace and technology analysts as it looks to raise $75 billion, in what would be the world’s biggest-ever IPO, with executives targeting a late June trading debut.
The presentations kick off with an all-day meeting and analyst tour on Tuesday at the satellite and rocket maker’s Starbase launch facilities in Boca Chica, Texas, the people said.
Another group of analysts representing institutional investors, including big mutual funds and pension plans, will be briefed in a separate session at Starbase on Wednesday, the people said. On Thursday, the analysts have been invited to review the company’s “Macrohard” project at its Colossus data center in Memphis, Tennessee, they added.
