🚨 BREAKING ‼️
BlackRock has held discussions about committing between $5 billion and $10 billion to SpaceX’s upcoming IPO, according to The Information, citing people familiar with the matter — deploying capital from its $536 billion actively managed fund pool.
SpaceX is reportedly targeting a raise of $75 billion at a $1.75 trillion valuation, with June 12 flagged as the date to watch. Larry Fink called Musk “a true friend” at Davos earlier this year. Starlink’s growth and plans for orbital AI data centres form the investment thesis.