x402

BlackRock

Elon Musk

BlackRock’s reported $5B order for <a href="https://yellow.com/news/spacex-pre-ipo-market-tumbles-27" rel="noopener noreferrer nofollow">SpaceX IPO shares</a> has added institutional weight to the company’s planned Nasdaq debut, according to Bloomberg.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>BlackRock reportedly placed an order for at least $5B in SpaceX IPO shares.</li>
 <li>SpaceX is seeking about $75B at a valuation near $1.8 Trillion.</li>
 <li>The final allocation may be smaller if demand exceeds the available shares.</li>
 </ul>
</blockquote>
<h2 id="spacex-ipo">SpaceX IPO</h2>
The order book closed Wednesday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-06-11/blackrock-s-spacex-ipo-share-order-said-to-target-5-billion" rel="noopener noreferrer nofollow">reported</a>, leaving lead banks to decide how shares will be split among large funds, institutional clients and retail investors.
A $5B request from BlackRock, the world’s largest asset manager, does not guarantee that the firm will receive that amount. In heavily oversubscribed IPOs, investors often ask for more shares than they expect to get.
<a href="https://yellow.com/news/spacex-250b-ipo-crypto-liquidity-drain" rel="noopener noreferrer nofollow">SpaceX is seeking to raise roughly $75B</a> at a valuation near $1.8 Trillion, which would make the listing the largest IPO on record and put the company among the world’s most valuable firms.
Also Read:<a href="https://yellow.com/news/anthropic-ceo-ai-industry-tax-worker-displacement" rel="noopener noreferrer nofollow">Anthropic Proposes Tax On AI Companies To Fund Worker Displacement Programs</a>
<h2 id="musk-strategy">Musk Strategy</h2>
Elon Musk has shaped the listing in ways that differ from a standard Wall Street IPO, including a larger possible role for individual investors and a governance structure meant to preserve founder control.
SpaceX could <a href="https://beincrypto.com/blackrock-5-billion-spacex-ipo-order/" rel="noopener noreferrer nofollow">allocate</a> up to 30% of the offering to retail investors, a level that would be unusual for a major listing. That could amplify debut-day demand and affect liquidity in other risk assets, including Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a> and Ethereum<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">(ETH)</a>.
The company’s valuation reflects investor expectations for Starship, Starlink and other technology projects linked to SpaceX. The final allocations will show how much exposure BlackRock and other buyers secured before trading begins.
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BlackRock Joins SpaceX IPO Rush With Massive $5B Order

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Yellow News

Other articles published on Jun 12, 2026

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