Same problem in Xcode 27.0, 27.1, 27.2, next any of presented point will stuck with message (preparing...).
Xcode/Preferences/Components install any component
console "xcodebuild -downloadPlatform iOS" - stuck (preparing...)
console "sudo xcodebuild -downloadPlatform iOS" - stuck (preparing...)
console "killall -9 com.apple.CoreSimulator.CoreSimulatorService xcodebuild CoreDeviceService assetd" before any of 1-3 - stuck (preparing...).
Delete all inside ~/Library/Developer/Xcode
No Wi-Fi im always connected to personal hotspot, try other two hotspots.
6.1. Low Data Mode On/Off
7. Logout and login
8. console "sudo xcodebuild -downloadPlatform iOS -buildVersion 24B5084k -architectureVariant arm64 -exportPath ~/Downloads" im try to download dmg to downloads but this point not work too.
8.1. On web site iOS 27.* runtime not found, download from site removed and asset downloading not work.
Xcode 27 not usable.