BlackRock discusses investing billions of dollars in SpaceX's IPO
According to The Information, sources revealed that BlackRock has discussed investing $5 billion to $10 billion in SpaceX's IPO next month. This massive investment targets an IPO project with a fundraising goal of up to $75 billion, representing the world's largest asset management company's vote of confidence in Musk's enterprise.
This investment also reflects that despite SpaceX pursuing an extremely high valuation and planning to give investors almost no power to challenge management decisions, the market will still participate in this historically largest IPO.
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