BlackRock Wants $5B+ of SpaceX Ahead of Record IPO
BlackRock ordered at least $5B in SpaceX shares as Elon Musk's rocket company preps the largest public offering in history.
The demand for SpaceX shares is absolutely staggering. BlackRock put in an order to scoop up at least $5 billion worth of stock in Elon Musk's space company, according to the Wall Street Journal.
That's not even the wildest part. A single family-office investor submitted a request exceeding $1 billion. Other large asset managers reportedly made similarly jaw-dropping bids.
The frenzy comes as SpaceX gears up for what would be the largest IPO ever staged. The sheer volume of institutional demand signals Wall Street is betting enormous sums that SpaceX's dominance in launch services, Starlink, and beyond justifies a historic valuation.
When BlackRock alone is writing a $5 billion check before shares even hit the public market, you know the appetite is real. SpaceX is about to test just how deep that hunger runs.