SpaceX launches bumper £1.3 trillion IPO roadshow
Market Updates

SpaceX launches bumper £1.3 trillion IPO roadshow

This is Money2d ago

SpaceX is ramping up plans for one of the most anticipated stock market floats in history as it hosts Wall Street analysts.

Elon Musk's rocket company is holding three days of closed-door briefings with top aerospace and technology experts as it prepares for a potential blockbuster initial public offering as early as June.

SpaceX is looking to raise £55billion from investors in a float that could value the company at £1.3 trillion.

The presentations kicked off with an all-day meeting and an analyst tour yesterday at the firm's Starbase launch facilities in Texas, Reuters reported. Analysts representing institutional investors will be briefed at Starbase today.

Tomorrow, the analysts have been invited to review SpaceX's 'Macrohard' project at its Colossus data centre in Tennessee.

Musk plans to set aside 30 per cent of SpaceX shares for retail investors, with around 1,500 people invited on a tour of Starbase in June.

Countdown: SpaceX is holding three days of closed-door briefings with top aerospace and technology experts as it prepares for a potential blockbuster IPO as early as June

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