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.