May 16 (Reuters) – BlackRock has discussed investing between $5 billion and $10 billion in SpaceX’s initial public offering next month, news outlet Information reported on Saturday, citing people familiar with the matter.
SpaceX is targeting a raise of about $75 billion for a valuation of about $1.75 trillion, which could make it “the largest IPO in history.”
BlackRock declined to comment. SpaceX did not respond to a request for comment.
BlackRock would invest in SpaceX from its $536 billion of actively managed funds, the report added.
The final amount the asset manager ultimately offers to invest could change depending on how SpaceX values its IPO and other pre-deal factors, according to the Information.
Reuters reported this week that SpaceX intends to list its shares starting June 12 and has chosen the Nasdaq as the trading venue for its successful market debut.
Reuters could not immediately verify the information report.
(Reporting by Anusha Shah in Bengaluru; Editing by Will Dunham, Rod Nickel)