SpaceX is preparing for one of history's most anticipated IPOs, hosting a three-day analyst meeting at its Texas launch facility and Tennessee data center. Elon Musk's company is briefing top aerospace and technology analysts to raise $75 billion, aiming for a late June trading debut. The sessions include tours of SpaceX's Starbase launch facilities in Boca Chica, Texas, and a review of its "Macrohard" project at the Colossus data center in Memphis, Tennessee. Attendees are required to surrender electronic devices.
Analyst days are standard for IPOs, allowing companies to present their business, financial outlook, and strategy. SpaceX CFO Bret Johnsen aims to convince analysts the company is worth an estimated $1.75 trillion. The recent merger of xAI with SpaceX, combining rockets, Starlink, the X platform, and Grok AI, adds complexity to valuation. Institutional investors are reportedly using unconventional benchmarks, comparing SpaceX to AI infrastructure companies rather than traditional aerospace and telecom giants.
Elon Musk also plans to allocate approximately 30% of SpaceX shares to retail investors, inviting 1,500 to tour Starbase after the roadshow begins in early June. Initial share sales will also be open to international retail investors in several countries. Major financial institutions including Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are leading the IPO deal.