SpaceX is reportedly advancing its plans for its most anticipated initial public offering (IPO), according to three insiders. This week, the company invited analysts to its launch base in Texas and a large data center in Tennessee for a three-day closed meeting. According to Jin10, the company, led by Elon Musk, is briefing top aerospace and technology analysts from Wall Street with the aim of raising $75 billion. If successful, this would be the largest IPO in history, with executives targeting a formal listing by late June.
The briefing is set to begin on Tuesday at the Starbase launch site in Boca Chica, Texas, with a full-day meeting and a tour for analysts. Another group of analysts representing institutional investors, including major mutual funds and pension plans, will attend a separate briefing at Starbase on Wednesday. On Thursday, these analysts are invited to visit the Colossus data center in Memphis, Tennessee, to examine the company's 'Macrohard' project. One insider mentioned that attendees are expected to submit their electronic devices to participate in the meeting.