SpaceX Hosts Three-Day Analyst Meetings at Texas and Tennessee Sites Before Late-June IPO

Is hosting analysts for three days of closed-door meetings at its launch facility in Texas and data center in Tennessee this week, according to three people familiar with the matter. The meetings are part of plans for an initial public offering targeting a late June trading debut.

75 trillion valuation. The presentations begin with an all-day meeting and analyst tour on Tuesday at Starbase launch facilities in Boca Chica, Texas. A separate session for analysts representing institutional investors including big mutual funds and pension plans is scheduled at Starbase on Wednesday.

Analysts are invited to review the company's Macrohard project at its Colossus data center in Memphis, Tennessee, on Thursday. Attendees are expected to surrender electronic devices to participate in the meetings, according to one of the people familiar with the matter.

Some analysts scheduled to attend have received copies of SpaceX's confidential registration filing, according to two of the people familiar with the matter. SpaceX is expected to hold a separate modeling day for a select group of Wall Street analysts about two weeks after the analyst days, according to two of the people familiar with the matter.

75 trillion. In February, xAI was merged with SpaceX, combining rockets, Starlink satellites, the X platform, and Grok AI, as part of broader integration efforts. At least one large institutional investor has been using benchmarks against Palantir Technologies, GE Vernova, and Vertiv for valuation, as Reuters previously reported.

SpaceX plans to set aside 30% of shares for retail investors, as people familiar with the matter previously told Reuters.

Share sales are open to international retail investors from the UK, EU, Australia, Canada, Japan, and Korea, as Reuters previously reported. Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail, and international channels, as Reuters previously reported.

Reuters was the first to report on the plans to host analysts earlier this month.