SpaceX's IPO Draws Closer, BlackRock Reportedly Ready to Invest Heavily
Global asset management giant BlackRock is reportedly considering an investment of between $5 billion and $10 billion in SpaceX’s initial public offering (IPO).
As reported by Reuters on Sunday (May 17, 2026), discussions regarding the investment are underway ahead of SpaceX’s IPO, which is expected to take place next month.
SpaceX is reportedly targeting to raise around $75 billion with a valuation reaching $1.75 trillion. If realised, this could potentially make SpaceX’s IPO the largest in the history of global capital markets.
Previously, Reuters reported that SpaceX plans to list its shares on the Nasdaq exchange as early as June 12, 2026, with the stock code SPCX.
To date, BlackRock has declined to comment on the report. Meanwhile, SpaceX has not yet responded to media requests for comment.
The planned IPO of SpaceX has generated great enthusiasm among investors because Elon Musk’s company is considered to have a dominant position in the global space industry.
Founded in 2002, SpaceX now controls more than 80 percent of global rocket launches and has more than 10,000 Starlink satellites providing satellite-based internet services.
The company is also a major partner to NASA and the Pentagon, including in the development of the “Golden Dome” missile defence project initiated by US President Donald Trump.
According to Nasdaq research, about 64 percent of IPOs have performed worse than the overall stock market in the first three years after listing on the exchange.
Several previous large IPOs have also experienced price pressure after their debut on the stock market. For example, Meta Platforms shares once fell 47 percent from their post-IPO peak, while Alibaba corrected by 26 percent and Uber fell 18 percent.
Analysts say that SpaceX’s valuation of $1.75 trillion makes the room for share price increases increasingly limited. This is considered to increase the risk of correction if business growth slows or market expectations are not met.
Retail investors are also considered potentially facing the risk of a surge in prices on the first day of trading, as institutional investors usually obtain shares at the IPO price before they are traded to the public.
The same phenomenon previously occurred in the IPOs of Coinbase and Rivian, which initially soared before eventually experiencing a sharp decline in the following months.