BLACKROCK WEIGHS $5B-$10B INVESTMENT IN SPACEX IPO The Information reports BlackRock has discussed investing $5B-$10B in SpaceX’s upcoming IPO. SpaceX is targeting a raise of up to $75B. A check that size would make BlackRock one of the anchor investors in what could be the largest IPO ever. The Information says IPO commitments above $1B are extremely rare, with fewer than a dozen examples over the past 25 years. BlackRock already owns a private SpaceX stake worth at least $300M, but its position is smaller than Fidelity, Baillie Gifford and Franklin Templeton. SpaceX is expected to begin its official roadshow in early June.

BLACKROCK IS REPORTEDLY IN TALKS TO INVEST UP TO $10 BILLION IN THE SPACEX IPO NEXT MONTH That would make them one of the largest outside investors in the most anticipated public offering in years. BlackRock has discussed committing somewhere between $5B and $10B into the SpaceX IPO. SpaceX is reportedly looking to raise as much as $75 Billion in the process of going public A $10B check from BlackRock alone would represent one of the largest single IPO investments from an asset manager in history. The deal is expected to happen next month. (Source The Information)

Blackrock Just Withdrew $140 Million from Coinbase... According to data from @OnchainLens, financial giant @BlackRock withdrew some 1,768 $BTC worth more than $140 million from the @Coinbase exchange. The exact reasoning behind the withdrawal is not yet clear - could it be related to Blackrock's spot Bitcoin ETF, which currently boasts an AUM of around $64.6 billion?

BLACKROCK PRIVATE CREDIT FUND VALUATIONS PROBED BY DOJ Bloomberg reports federal prosecutors are scrutinizing valuation practices at BlackRock $BLK TCP Capital. TCPC is a publicly traded business development company tied to BlackRock’s private credit platform. The fund made a rare off-cycle disclosure in January saying it expected to cut asset values by 19%. NAV fell from $8.71 per share at the end of Q3 to $7.07 at the end of Q4. Shares dropped 13% on January 26, the worst day since March 2020. Investors later filed class-action lawsuits alleging the fund made false statements and failed to properly value loans. BlackRock declined to comment. Probes can end without charges.