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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
799 Following    149.9K Followers
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.
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