BlackRock is reportedly evaluating a major investment in SpaceX ahead of the company’s highly anticipated initial public offering. According to reports, BlackRock has discussed investing between $5 billion and $10 billion into the upcoming SpaceX IPO, which is expected to take place next month.
The investment discussions come as SpaceX prepares for what could become the largest IPO in stock market history. Reports indicate the company is targeting a valuation of approximately $1.75 trillion while aiming to raise around $75 billion through the offering. SpaceX is reportedly planning to list on the Nasdaq exchange, with June 12 being discussed as a possible debut date.
According to The Information, BlackRock’s potential investment would likely come from the firm’s actively managed funds, which collectively oversee more than $536 billion in assets. However, the final investment amount may depend on the IPO pricing, allocation structure, and broader market conditions closer to the listing date. Reuters noted that neither BlackRock nor SpaceX officially commented on the discussions.
Investor interest in SpaceX has intensified significantly over the past year as the company continues expanding beyond rocket launches into satellite internet, defense infrastructure, artificial intelligence computing, and space-based communications. The company’s Starlink business alone has become one of the world’s largest satellite internet networks, while SpaceX also continues developing Starship for deep-space exploration and commercial missions.
The anticipated IPO has attracted strong institutional interest because many investors view SpaceX as one of the most strategically important private technology companies globally. Analysts believe the company’s businesses span multiple high-growth sectors, including aerospace, telecommunications, defense technology, satellite infrastructure, AI computing, and national security systems.
At the same time, the IPO has sparked governance concerns among some institutional investors and pension funds. Recent reports highlighted criticism surrounding SpaceX’s proposed control structure, which would reportedly give Elon Musk and insiders significant voting power through supervoting shares and shareholder restrictions. Governance experts have argued that the structure could significantly limit shareholder influence after the company becomes public.
Despite those concerns, enthusiasm around the IPO remains extremely strong. Several analysts and long-term investors have suggested that SpaceX could eventually become one of the world’s most valuable companies if its ambitions in satellite infrastructure, AI computing, and space transportation continue scaling successfully.
