BlackRock plans to buy SpaceX shares for about $5 billion
The Wall Street Journal (WSJ) revealed on Thursday that BlackRock, the biggest asset management in the world. Has made an order to purchase shares of SpaceX, Elon Musk’s aerospace company, for at least $5 billion.
BlackRock has already made an order for SpaceX shares, which will start trading on the Wall Street stock exchange on Friday. According to sources familiar with the transaction who spoke to the newspaper.
Individual investors have asked for shares worth over $70 billion in the corporation, according to the New York Post.
Sovereign wealth funds and private asset management firms also requested to buy shares, and a single investor from one of them has requested to acquire shares worth more than $1 billion.
According to SpaceX’s initial public offering (IPO), a total of 555.6 million shares at a fixed price of $135 per share will allow it to raise approximately $75 billion.
With this operation, SpaceX will surpass the record set in 2019 by the Saudi oil company Aramco. Which went public with an IPO of approximately $25.6 billion.
Thus, the aerospace company’s market capitalization will reach around $1.77 trillion, placing it among the ten largest publicly traded companies in the world.
It is also expected that Musk’s personal fortune, as the owner of the social network X, will exceed $1 trillion with this IPO, making him the world’s first billionaire.
