SpaceX hosts Wall Street analysts ahead of $75 billion IPO with $1.75 trillion valuation target
SpaceX is conducting a series of private briefings over three days for Wall Street analysts at its Boca Chica, Texas, Starbase facility and its Colossus data center in Memphis, Tennessee. The company aims to secure $75 billion through a groundbreaking public offering, which is scheduled for a late June launch and targets a valuation of $1.75 trillion. The agenda features a full-day tour at Starbase, discussions tailored for institutional investors, and wraps up at the Memphis center. CFO Bret Johnsen has a two-month window to defend this valuation, with cash reserves of $24.7 billion and projected liabilities exceeding $50 billion by 2025. Individual investors will receive about 30% of the shares, with Morgan Stanley and Goldman Sachs as lead banks.
Key facts
- SpaceX is hosting three days of closed-door briefings for Wall Street analysts
- Briefings occur at Starbase in Boca Chica, Texas and Colossus data center in Memphis, Tennessee
- Company plans $75 billion IPO targeting late June market debut
- Target valuation is $1.75 trillion
- SpaceX CFO Bret Johnsen has about two months to justify valuation
- Company had $24.7 billion cash but over $50 billion liabilities at year-end 2025
- xAI merger turned 2024 $791 million profit into 2025 $4.94 billion loss
- 30% of shares earmarked for retail investors across multiple countries
Entities
Institutions
- SpaceX
- xAI
- Starlink
- X
- Grok
- Reuters
- CNBC
- Boeing
- AT&T
- Palantir Technologies
- GE Vernova
- Vertiv
- Morgan Stanley
- Bank of America
- Citigroup
- JPMorgan
- Goldman Sachs
Locations
- Boca Chica
- Texas
- United States
- Memphis
- Tennessee
- U.K.
- E.U.
- Australia
- Canada
- Japan
- South Korea
Sources
- Quartz —