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SpaceX is set to host a three-day analyst meet to engage Wall Street investors. The meet will potentially offer insights into the company’s financial strategy, growth plans and future direction in the rapidly evolving space industry. Elon Musk's company is holding the briefings for the top aerospace and technology analysts before raising $75 billion in an IPO. It is expected to be the world's biggest ever IPO, with executives targeting a late June trading debut.
Musk merged xAI with SpaceX in February, which brings under one roof the billionaire's rockets, Starlink satellites, the X social media platform, and Grok AI chatbot.
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 a Reuters report.
The presentations kick off with an all-day meeting and analyst tour on Tuesday (April 21, 2026) at the satellite and rocket maker's Starbase launch facilities in Boca Chica, Texas, the report 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 report added. On Thursday, the analysts have been invited to review the company's "Macrohard" project at its Colossus data center in Memphis, Tennessee.
This is a standard part of the IPO process, in which companies brief analysts on their business, financial outlook, and long-term strategy ahead of a public listing. At such sessions, companies typically walk analysts through financial projections, the business thesis, and other key data to help them calculate earnings estimates before the listing.
The meeting will give investors their first look at SpaceX's financial health after Musk combined the rocket maker with his social media and AI company, xAI, this year. The combined company ended 2025 with about $24.7 billion in cash on hand, but more than $50 billion in liabilities.
SpaceX swung to a $4.94 billion consolidated loss in 2025, on $18.67 billion in revenue, amid heavy investment in xAI's artificial intelligence infrastructure. The company clocked a $791 million profit and $14.02 billion in revenue the year before, the excerpts show.
About two weeks after the analyst days, SpaceX is expected to hold a separate "modeling" day for a select group of Wall Street analysts, some of whose banks are working on the deal, Reuters reported.
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Musk plans to reward the retail investors who have sent shares of electric vehicle company Tesla to new heights, trading at a valuation closer to a tech company than an automaker. He plans to set aside some 30% of SpaceX shares for retail investors, hosting 1,500 to tour Starbase after the roadshow kicks off on June 8, according to Reuters.
Musk is also opening up initial share sales to international retail investors from the UK, EU, Australia, Canada, Japan, and Korea, Reuters previously reported. The structure of the deal and the precise amount of the retail allocation are expected to be finalized closer to the IPO launch.
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, Reuters reported. Musk will retain voting control of SpaceX after the satellite and rocket maker goes public later this year through a dual-class share structure that limits other investors' say over corporate decisions, the IPO filing shows.
