Franklin Templeton CEO Jenny Johnson confirmed the firm will participate in SpaceX’s highly anticipated initial public offering. Speaking to CNBC, Johnson noted that existing clients actively inquired about the asset manager's involvement, driven by renewed excitement for innovation-led market opportunities.
The San Mateo-based firm, managing nearly $1.7 trillion in assets, already holds exposure to the rocket maker through its growth equity funds, which have invested in late-stage private companies for over a decade.
SpaceX is currently targeting a record-breaking $75 billion raise at a roughly $1.8 trillion valuation. The IPO, scheduled for Friday, has reportedly drawn more than $250 billion in investor demand, positioning it as the largest public listing in history. Previous reports also indicated discussions with Saudi Arabia's Public Investment Fund for a potential $5 billion anchor stake.