NEW YORK: SpaceX is gearing up to take potential anchor investors in its initial public offering (IPO) on a tour of its marquee sites across America, people familiar with the plans say, as billionaire Elon Musk’s company targets the biggest ever market debut.
The rocket, satellite and artificial intelligence (AI) company is looking to showcase facilities in California and Texas over a few days in visits for investors who could take large stakes in the offering, such as sovereign wealth funds, according to the people.
SpaceX plans to charter a plane out of New York in the coming weeks for investor visits that could include Mississippi – where xAI is building a huge data centre campus – one of the people said.
The company has filed confidentially to go public and is seeking to raise as much as US$75bil at a valuation of more than US$2 trillion, Bloomberg News has reported, which would be the largest IPO of all time.
Details of the site visits and the key dates could change and no final decisions have been made, the people said. — Bloomberg
