BlackRock is considering an investment of as much as $10 billion in the planned initial public offering of SpaceX, according to a report published Saturday by The Information. The asset manager would draw the capital from its pool of actively managed funds totaling $536 billion, with the final amount potentially adjusting based on pricing and other deal terms.
The move comes as Elon Musk has set ambitious targets for the SpaceX debut, aiming for a valuation of $1.75 trillion. That figure would mark one of the largest IPOs in history if achieved. The company has also informed shareholders of a planned 5-for-1 stock split that would lower the per-share price from roughly $526.59 to $105.32, the report stated.
SpaceX has grown rapidly in recent years through its Starlink satellite internet service and NASA contracts for crewed missions. An IPO would give investors a chance to participate directly in those businesses for the first time. BlackRock’s potential role as an anchor investor could help set the tone for demand ahead of the offering.
Benzinga was unable to immediately confirm the details in The Information’s account. The report cited people familiar with the discussions but did not name them. Such large commitments from major asset managers are common in high-profile IPOs, though the exact size can shift until final allocations are set.
BlackRock itself trades on the New York Stock Exchange under the ticker BLK. The firm reported a market capitalization of $519.66 million in recent data, with a 52-week trading range between $917.39 and $1,219.94. Shares have risen more than 10 percent over the past year, according to market statistics.
Analysts have noted that any sizable commitment by BlackRock would underscore continued institutional interest in space-related companies. Several funds have increased exposure to the sector amid growing commercial and government demand for launch services and satellite connectivity.
Musk has previously discussed taking SpaceX public once the Starlink business reaches sufficient scale and stability. The timing of an IPO remains uncertain, with regulatory filings and market conditions likely to influence the schedule. A valuation near $1.75 trillion would place the company among the most valuable public firms globally.
Investors have watched SpaceX’s private valuation climb steadily through successive funding rounds. The company last raised capital at a $210 billion valuation in a round completed earlier this year. An IPO at the targeted level would represent a significant step up from that figure.
BlackRock manages trillions of dollars across index funds, active strategies, and alternative investments. Deploying capital from its actively managed pool for a SpaceX stake would mark a notable allocation within the firm’s equity platform. The decision would also reflect portfolio managers’ views on the long-term prospects of commercial spaceflight.
Market participants will continue to monitor updates on both the IPO timeline and any anchor investor commitments. Large orders from institutions such as BlackRock often influence retail and other institutional participation once trading begins. Details on pricing and share allocation typically emerge closer to the offering date.
Should the transaction proceed as described, it would add to BlackRock’s existing holdings in technology and aerospace names. The firm has built positions across several high-growth sectors in recent quarters, according to its regulatory filings. A SpaceX investment would extend that approach into the private-to-public transition space.
Officials at neither BlackRock nor SpaceX have commented publicly on the reported discussions. Both companies routinely decline to address market speculation until formal announcements are made. Investors are therefore relying on secondary reporting for the latest indications of interest.
The broader IPO market has seen renewed activity this year after a slower period. Several large technology and consumer companies have completed offerings, drawing strong demand from both domestic and international buyers. A SpaceX listing would rank among the most closely watched deals if it materializes at the projected scale.
Further details on the potential investment size and timing are expected to surface as the IPO process advances. Market watchers will look for any updates in regulatory documents or statements from the companies involved. Until then, the reported figures remain subject to change based on final negotiations and market conditions.