BlackRock eyes $5B–$10B stake in SpaceX's IPO as Musk targets $2 trillion valuation!

BlackRock is reportedly weighing a $5 billion to $10 billion investment in SpaceX's planned IPO, according to Reuters, which cited people familiar with the matter. SpaceX has already filed confidentially for the offering and is targeting a raise of up to $75 billion at a valuation north of $2 trillion.

If the deal closes at that scale, it would eclipse every prior IPO in history — including Saudi Aramco's $25.6 billion raise in 2019. BlackRock's potential anchor position signals that the world's largest asset manager sees SpaceX not as a speculative venture bet but as a core infrastructure holding.

The timing is notable: a $2 trillion valuation would place SpaceX above the market cap of most sovereign wealth funds' entire equity portfolios, and BlackRock's involvement would likely draw additional institutional capital into the offering, compressing the risk premium the market had…