BlackRock in talks to invest up to $10 billion in SpaceX IPO: Report & more related News Here

BlackRock has discussed investing between $5 billion and $10 billion in SpaceX’s planned initial public offering next month, Reuters reported on Saturday, citing news outlet The Information.Bloomberg News reported Friday that a majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board. According to the report, IPO-bound SpaceX shareholders were informed via email that the fair market value of the stock was adjusted from $526.59 to $105.32 per share after the split. The report said that the stock split process will be done during the week of May 18 and is expected to be completed by May 22. The development comes as Elon Musk’s rocket and satellite maker prepares for one of the most-watched public listings in recent years. SpaceX is aiming for a stock market debut as early as June 12 and has chosen Nasdaq as the venue for its proposed listing, Reuters reported on Friday, citing people familiar with the matter. Set to trade under the ticker symbol “SPCX,” the company aims to take its prospectus public as early as next week, with roadshows expected to begin around June 4 and share sales potentially starting as early as June 11, according to Reuters. The company is trying to raise about $75 billion at a valuation of about $1.75 trillion, which would make it the largest stock market flotation ever. The planned valuation would mark a sharp increase from the combined $1.25 trillion valuation established when SpaceX merged with Musk’s artificial intelligence startup xAI in February. The listing is also expected to be a key test for the IPO market, which is recovering after prolonged volatility linked to US tariff policy and broader geopolitical uncertainties. Morgan Stanley, Bank of America, Citigroup, JPMorgan and Goldman Sachs are acting as lead bookrunners for the offering.