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Thursday, June 11, 2026

BlackRock plans to invest $5B in SpaceX shares

 BlackRock placed an order to acquire SpaceX shares worth at least $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The world's richest man Elon Musk's SpaceX is staging the blockbuster initial public offering tomorrow, selling $75 billion worth of shares, the biggest in history. The scheme paves the way for Musk to become the planet's first trillionaire. Demand from individual investors alone topped $70 billion in requested SpaceX shares, while interest also poured in from sovereign-wealth funds and family offices, with one family office reportedly seeking a stake exceeding $1 billion on its own.

https://breakingthenews.net/Article/BlackRock-plans-to-invest-dollar5B-in-SpaceX-shares/66490080

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