BlackRock Weighs $5 Billion-$10 Billion SpaceX IPO Bet as Company Targets $75 Billion Raise
Updated
Updated · Reuters · May 16
BlackRock Weighs $5 Billion-$10 Billion SpaceX IPO Bet as Company Targets $75 Billion Raise
8 articles · Updated · Reuters · May 16
$5 billion to $10 billion is the amount BlackRock has discussed investing in SpaceX’s IPO, according to the Information, in what would be a major anchor order for the listing.
SpaceX is targeting about $75 billion in proceeds at a roughly $1.75 trillion valuation, a deal that could become the biggest stock market flotation on record.
BlackRock would fund the investment from its $536 billion pool of actively managed funds, though the final commitment could shift with IPO pricing and market conditions.
Reuters reported earlier this week that SpaceX is aiming to list as early as June 12 on Nasdaq, setting up a blockbuster debut if the plans hold.
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SpaceX’s $1.5 Trillion IPO: BlackRock’s Anchor Role, Starlink Growth, and the Risks Shaping a Historic Market Debut
Overview
SpaceX is moving closer to its highly anticipated IPO, with BlackRock reportedly considering a multibillion-dollar anchor investment. This major commitment would signal strong confidence in SpaceX’s future and could shape the IPO’s pricing and market reception. SpaceX has prepared by assembling a global banking group and is expected to use a dual-class share structure to keep voting control with insiders like Elon Musk. Notably, nearly 30% of the IPO may be set aside for retail investors, making the offering accessible to the public while ensuring founder control and strong institutional backing.