BlackRock is seeking to buy about $5 billion worth of shares in SpaceX’s initial public offering, according to multiple reports citing people familiar with the matter. The bid is part of broader demand as investors compete for allocations ahead of SpaceX’s expected Nasdaq debut, which some outlets describe as potentially among the largest IPOs on record. Bloomberg and the Wall Street Journal, as cited by others, say BlackRock’s order targets roughly $5 billion. Other asset managers are reported to have placed similarly sized orders, while individual investors reportedly requested much larger amounts, indicating the offering is oversubscribed. One report says overall IPO demand reaches about $250 billion, or nearly four times the amount being offered. NDTV also reports key deal terms for the IPO, including a target fundraising size of $75 billion through the sale of 555.6 million Class A shares at a fixed price of $135 per share. Across sources, the central points are BlackRock’s large order size, intense competition for allocations, and the fixed IPO pricing and share count described for SpaceX’s listing.
BlackRock seeks about $5 billion in SpaceX IPO share allocations, report says
BlackRock is seeking to buy about $5 billion worth of shares in SpaceX’s initial public offering, according to multiple reports citing people familiar with the matter. The bid is part of broader deman...
- BlackRock is reported to be seeking roughly $5 billion in SpaceX IPO shares.
- The IPO is described as highly oversubscribed, with institutions submitting large allocation orders.
- Other large asset managers are reported to submit similarly sized allocation requests.
- Reported overall demand is about $250 billion, roughly several times the offering size.
- SpaceX’s IPO terms reported include selling 555.6 million Class A shares at a fixed $135 per share to raise about $75 billion.
Other large asset managers submitted similarly sized orders, while individual investors requested well over $70 billion in SpaceX stock
3 months agoBlackRock submitted an order to buy at least $5 billion in SpaceX shares ahead of Friday’s debut, the Wall Street Journal reported. That single order is nearly as large as the entire $5.5 billion Cerebras IPO, the biggest of 2026 so far. SpaceX has told banks it will not budge from its $135 per share […] This story continues at The Next Web
3 months agoThe company is seeking to raise $75 billion through the sale of 555.6 million Class A shares at a fixed price of $135 apiece.
3 months agoBlackRock Inc. is seeking to buy shares in SpaceX’s initial public offering and is targeting an amount of about $5 billion, according to people familiar with the matter, as investors jockey for allocations in what’s expected to be the biggest listing ever.
3 months agoElon Musk’s aerospace firm will likely shatter records in its trading debut.
3 months ago
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