BlackRock could invest billions of dollars in SpaceX's upcoming IPO
Kyiv • UNN
BlackRock is considering billion-dollar investments in the SpaceX IPO through its own funds. Elon Musk's company could debut on the Nasdaq exchange as early as June 12.
American investment company BlackRock is considering multi-billion dollar investments in the upcoming IPO of Elon Musk's SpaceX. The investments could be made through the company's actively managed funds. This was reported by Reuters with reference to The Information, according to UNN.
Details
According to the publication, BlackRock plans to use its actively managed funds, which hold approximately $536 billion, for the potential deal.
At the same time, the final investment volume has not yet been determined and may change depending on SpaceX's valuation during the stock offering and other deal terms.
SpaceX could go public as early as June
Earlier, Reuters reported that SpaceX is preparing to conduct an initial public offering as early as June 12.
SpaceX lowers share price ahead of historic IPO - Bloomberg16.05.26, 09:09 • 6274 views
According to the agency, the company has chosen the Nasdaq exchange as the platform for the IPO.
Reuters notes that the agency has not yet been able to independently confirm the information regarding BlackRock's possible investments in the SpaceX offering.