SpaceX, the aerospace company founded by Elon Musk, is set to launch what could become the world's largest Initial Public Offering (IPO), aiming to raise around $75 billion at a valuation of nearly $1.8 trillion. According to a report by The Wall Street Journal, asset management giant BlackRock has placed orders to buy at least $5 billion worth of SpaceX shares.
The IPO order book reportedly closed on Wednesday, and bankers are now finalizing share allocations before the company's planned Nasdaq listing on Friday. Reports indicate that SpaceX may allocate up to 30% of its IPO shares to retail investors, giving individual investors a larger opportunity to participate.
Musk has also introduced several unconventional measures for the IPO, including pushing for early index inclusion and maintaining strong founder control through the company's governance structure. SpaceX has not commented on the report, while BlackRock declined to provide a statement.
