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Reuters
Thu, June 11, 2026 astatine 11:31 AM CDT 1 min read
June 11 (Reuters) - Asset manager BlackRock sought to bargain astatine slightest $5 cardinal worthy of shares successful the archetypal public offering of Elon Musk's SpaceX , the Wall Street Journal reported connected Thursday, citing radical acquainted with the matter.
SpaceX is expected to rise astir $75 cardinal successful what would beryllium the world's largest IPO on grounds astatine astir a $1.8 trillion valuation.
The bid publication closed connected Wednesday and bankers are determining stock allocations up of a planned Nasdaq listing on Friday, the WSJ said.
Reuters had antecedently reported that SpaceX was considering allocating arsenic overmuch arsenic 30% of the offering to idiosyncratic investors.
Musk has rewritten the IPO playbook for SpaceX successful galore different ways, from readying to springiness retail investors a larger relation successful allocations to pushing for aboriginal scale inclusion and structuring governance to sphere strong laminitis control.
SpaceX did not instantly respond to a petition for comment, portion BlackRock declined to comment. Reuters could not instantly verify the report.
(Reporting by Prakhar Srivastava successful Bengaluru; Editing by Shreya Biswas)
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