SpaceX Set to Debut on Nasdaq June 12, BlackRock Eyes Minimum $5 Billion Investment
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Author:小编   

SpaceX is poised to make its public market debut on the Nasdaq stock exchange as early as June 12, with the potential stock ticker symbol being 'SPCX'. The company aims to raise up to $75 billion, or potentially even more, with an estimated valuation ranging between $1.75 trillion and $2 trillion. If successful, this could mark the largest initial public offering (IPO) in global history. Global asset management behemoth BlackRock is in discussions to participate in this IPO, with plans to invest between $5 billion and $10 billion. BlackRock already holds at least $300 million worth of SpaceX shares, although this represents a relatively small portion of its overall portfolio. In an effort to make the investment more accessible, SpaceX will implement a stock split, dividing each existing share into five. Elon Musk has stated that he will not sell any of his SpaceX shares, addressing investors' concerns about major shareholders cashing out and exiting their positions.