BlackRock has discussed investing $5 billion to $10 billion in SpaceX’s initial public offering next month, the Information news outlet reported on Saturday, citing people familiar with the matter.
SpaceX is targeting a raise of about $75 billion at a valuation of roughly $1.75 trillion, potentially making it the biggest-ever stock market flotation.
BlackRock declined to comment. SpaceX did not respond to a request for comment.
BlackRock would invest in SpaceX from its $536 billion of actively managed funds, the report added.
The final amount that the asset manager ultimately offers to invest could change based on how SpaceX prices its IPO and other factors leading up to the deal, as per the Information.
Reuters reported this week that SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut.
Reuters could not immediately verify the Information report.
Reuters
