Exclusive-SpaceX tries to woo Wall Street with three-day analyst meeting this week, sources say

NEW YORK, April 21 (Reuters) - 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 three people familiar with the matter.

Elon Musk's company is holding the briefings for Wall Street's top aerospace and technology analysts as it looks to raise $75 billion, in what would be the world's biggest-ever IPO, with executives targeting a late June trading debut.

The presentations kick off with an all-day meeting and analyst tour on Tuesday at the satellite and rocket maker's Starbase launch facilities in Boca Chica, Texas, the people 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 people said. On Thursday, the analysts have been invited to review the company's "Macrohard" project at its Colossus data center in Memphis, Tennessee, they added.

Attendees are expected to surrender electronic devices to participate in the meetings, one of the people said. All three spoke on condition of anonymity because the information was not public. SpaceX did not respond to a request for comment.

Reuters was the first to report on the plans to host analysts ⁠earlier this month. The inclusion of Starbase on the tour and the three days of briefings have not been reported previously.

IPO PROCESS

Analyst days are 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.

Some of the analysts scheduled to attend have also received copies of SpaceX's confidential registration filing, though the document contained limited information, two of the people said.

Generally, IPO registration statements include a company's business description, financial statements, risk factors, how it plans to use the money it raises as well as details on major existing shareholders.

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, two of the people said.

At such sessions, companies typically walk analysts through their financial projections, business thesis and the other key data that will help analysts calculate their earnings estimates before the listing.

SpaceX Chief Financial Officer Bret Johnsen has about two months to convince some of Wall Street's top analysts - and ultimately investors - that the company is worth an almost unfathomable $1.75 trillion.