BlackRock weighs $5-10 billion investment in SpaceX IPO
BlackRock is in talks to commit between $5 billion and $10 billion to SpaceX's upcoming initial public offering, The Information reported. The investment, if completed, would mark one of the largest single-firm commitments to a US listing in years.
BlackRock, the world's largest asset manager, is in talks to invest between $5 billion and $10 billion in SpaceX's planned initial public offering, The Information reported on Friday. The exact size of the commitment remains under discussion as SpaceX prepares its Nasdaq listing for next month.
If the deal closes at the upper end of that range, BlackRock would become one of SpaceX's largest external shareholders ahead of trading. The rocket and satellite operator has been valued at around $400 billion in recent secondary-market transactions, with strong demand from sovereign funds and US institutional investors.
SpaceX shareholders earlier this week approved a 5-for-1 stock split intended to broaden retail participation in the offering. Bankers expect the listing to be the largest US technology IPO since Saudi Aramco's 2019 debut, with proceeds funding Starlink expansion and continued Starship development.
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