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BlackRock Leads Heavy Demand for SpaceX IPO Shares
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
BlackRock has reportedly submitted an order for at least $5 billion of shares in the upcoming SpaceX IPO, with other large asset managers and sovereign wealth funds also placing substantial bids. SpaceX is seeking to raise $75 billion at a share price of $135, while reported demand from individual investors alone has exceeded $70 billion. The strong interest highlights investor appetite for the offering despite concerns about corporate governance and ongoing geopolitical uncertainty. The IPO is scheduled to begin trading on Friday, with final allocations expected before the market opens.
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