BlackRock Considers Multi‑Billion SpaceX IPO Investment
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- BlackRock is weighing a multibillion‑dollar investment in SpaceX’s upcoming IPO, per The Information.
- Fortune reports investors claim SpaceX has the “deepest moat that exists” and vow to never bet against Elon Musk.
- Jim Cramer warned the IPO could be “destructive” for the broader market, per CNBC.
- Elon Musk said he isn’t selling his shares ahead of the IPO, according to CNBC.
Why it matters: BlackRock's multi‑billion stake adds heavyweight backing to SpaceX's IPO, Jim Cramer's warning flags market risk, and Musk's pledge not to sell underscores confidence, influencing investor sentiment and market dynamics.
