BlackRock weighs up to $10bn investment in SpaceX IPO as Elon Musk’s rocket company...

BlackRock has discussed investing between $5 billion and $10 billion in the upcoming initial public offering of SpaceX, according to a report by The Information.

The reported discussions come as SpaceX prepares for what could become the largest stock market flotation in history, with the company targeting a fundraising of roughly $75 billion at a valuation approaching $1.75 trillion.

If achieved, the listing would instantly place SpaceX among the world's most valuable publicly traded companies and mark a defining moment in the commercialization of the global space industry.

Reuters reported earlier this week that SpaceX is aiming to launch its IPO as early as June 12 and has selected the Nasdaq as the exchange for the blockbuster debut. The scale of the proposed BlackRock investment highlights how institutional investors are racing to secure exposure to the artificial intelligence, aerospace, and satellite infrastructure boom reshaping global markets.

According to the report, BlackRock's investment would come from its actively managed funds, which oversee approximately $536 billion in assets. The final amount could still change depending on IPO pricing and market conditions ahead of the listing.

Neither company has publicly confirmed the discussions. Still, even preliminary talks of this magnitude illustrate how dramatically SpaceX's financial standing has evolved over the past decade.

Founded by Elon Musk in 2002, SpaceX was initially viewed as a high-risk aerospace venture attempting to disrupt a sector historically dominated by governments and defense contractors.

Today, the company occupies a central role in several of the world's fastest-growing industries, including satellite communications, commercial launch services, national security space infrastructure, and potentially artificial intelligence connectivity. Its dominance in reusable rocket technology has already transformed the economics of space launches, allowing the company to reduce costs substantially while increasing launch frequency to levels unmatched by competitors.

But investors increasingly view SpaceX less as a traditional aerospace company and more as a diversified infrastructure platform with exposure to multiple long-term growth sectors. Much of that optimism centers on Starlink, the company's satellite internet division, which has rapidly expanded into one of the world's largest low-Earth orbit communications networks.

Analysts believe Starlink could become a critical component of global AI infrastructure because of the growing demand for low-latency, high-capacity connectivity needed to support autonomous systems, cloud computing, and AI-powered services.

The business has also become strategically important to governments and militaries globally because of its role in communications resilience and digital connectivity during geopolitical conflicts and infrastructure disruptions. That importance helps explain the extraordinary valuation SpaceX is reportedly targeting.

A $1.75 trillion valuation would place the company above many of the world's largest industrial and technology firms and reflect the market's growing willingness to assign massive premiums to companies perceived as dominant infrastructure providers in emerging technological eras.

The listing would also represent a major financial milestone for Musk, whose business empire now spans electric vehicles through Tesla, artificial intelligence via xAI, social media through X, and aerospace through SpaceX.

For BlackRock, a major investment would fit into a broader trend among large asset managers seeking greater exposure to frontier technology sectors, driving global capital expenditure. The AI boom has already fueled enormous investor interest in semiconductors, cloud infrastructure, and data centers. Space-based communications and launch infrastructure are increasingly being viewed as adjacent strategic sectors likely to benefit from the same long-term digital expansion.

The timing is also of the essence because global IPO markets have remained relatively subdued in recent years following higher interest rates, geopolitical instability, and investor caution toward high-growth technology listings. A successful SpaceX debut could therefore revitalize global equity issuance markets and potentially trigger a new wave of large-scale technology flotations.

Market participants are already comparing the anticipated listing to landmark public offerings such as Saudi Aramco, Alibaba Group, and Meta Platforms in terms of size and market impact.

However, the listing is coming at a daring period for the global economy, orchestrated by the ongoing U.S.-Iran war. Traditional industrial sectors remain vulnerable to the emanating geopolitical and inflation shocks, while firms perceived as foundational to artificial intelligence, automation, communications, and digital infrastructure continue commanding premium valuations.