BlackRock is in talks to invest up to $10 billion in SpaceX's IPO, scheduled for next month, according to a report by The Information. The asset manager could commit between $5 billion and $10 billion, representing a major institutional bet on Elon Musk's space venture.
The offering is expected to be one of the largest in market history, with SpaceX seeking to raise around $75 billion at a valuation of approximately $1.75 trillion. Pricing is expected as early as June 11, with the company trading under the ticker "SPCX" on Nasdaq.
Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are the lead bookrunners. The accelerated timeline follows a quicker-than-anticipated review by the SEC.