BlackRock eyes up to $10bn stake in SpaceX IPO
Reports suggest BlackRock is in talks to invest between $5 billion and $10 billion in the upcoming SpaceX listing, which could become the largest stock market flotation in history.
BlackRock has entered discussions regarding an investment of between $5 billion and $10 billion in SpaceX’s initial public offering, according to a report by The Information. The proposed capital would be drawn from the asset manager’s $536 billion in actively managed funds, signalling a substantial commitment from one of the world’s largest institutional investors.
SpaceX is targeting a fundraising round of approximately $75 billion, which would place the company at a valuation of roughly $1.75 trillion. If successful, the transaction has the potential to become the largest stock market flotation in history, surpassing previous records set by major technology and energy firms.
The final figure BlackRock offers to invest remains subject to change, with the amount likely to fluctuate based on the final pricing of the IPO and other deal dynamics leading up to the launch. The report, which cited people familiar with the matter, indicates that negotiations are ongoing as the company prepares for its public debut.
Reuters reported earlier this week that SpaceX intends to list its shares on the Nasdaq as early as 12 June. The exchange has been selected as the trading venue for the high-profile market debut, although Reuters noted it could not immediately verify the specific investment figures outlined by The Information.
Both parties have remained silent on the specifics of the potential deal. BlackRock declined to comment on the report, while SpaceX did not respond to a request for comment regarding the discussions or the timeline for the listing.
