According to Reuters citing a report by The Information on 5/16, BlackRock, the world’s largest asset manager, is discussing investing between $5 billion and $10 billion in SpaceX’s upcoming IPO. SpaceX plans to list on Nasdaq on June 12, aiming to raise about $75 billion, valuing the company at around $1.75 trillion—set to become the largest IPO in history.
BlackRock will contribute from $536 billion in actively managed funds
The Information said BlackRock expects to allocate funds from its $536 billion actively managed funds to participate in SpaceX’s IPO. The report emphasized that the final actual amount invested will be adjusted based on SpaceX’s final pricing and other factors ahead of the transaction. BlackRock and SpaceX declined to comment.
SpaceX IPO locked for 6/12 on Nasdaq, with the potential to set a record
SpaceX has selected Nasdaq as the trading venue and set June 12 as the target listing date. If the $75 billion fundraising target is reached, it would surpass the previous largest IPO. If BlackRock participates at the $5 billion–$10 billion level, that would equate to a single institution taking up 7–13% of the total offering—at this scale, early in the IPO lockup period it can provide key price support.
Actively managed funds, not ETFs: strategy intentions to be watched
The report said BlackRock will invest from “actively managed funds,” rather than its iShares ETF lineup. This means the SpaceX position would be held through specific thematic or core growth funds, instead of simply tracking an index passively. For SpaceX, BlackRock’s $536 billion in actively managed assets, combined with its index-based ETF series that may include SpaceX as a constituent after listing, effectively means it first locks in active-side demand, then spreads additional buying pressure through the passive side.
This article’s mention that BlackRock is considering increasing its participation in the SpaceX IPO with $5 billion–$10 billion first appeared on Lian News ABMedia.
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