BlackRock Inc. (NYSE:BLK) is reportedly in discussions to invest $5 billion to $10 billion in SpaceX‘s upcoming initial public offering, as the world’s largest asset manager looks to anchor the potentially record-breaking offering.
Biggest-Ever IPO In Play
BlackRock would deploy capital from its $536 billion actively managed fund pool, the Information reported on Saturday, citing sources familiar with the matter. The final commitment could shift depending on IPO pricing and deal conditions.
SpaceX, the parent company of Starlink, the social platform X and the Grok AI chatbot, is seeking to raise $75 billion at a valuation of about $1.75 trillion in what could become the largest stock market debut in history. The company plans to list on the Nasdaq under the ticker …
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