BlackRock is reportedly planning to subscribe to about $5 billion in SpaceX IPO.

According to informed sources, BlackRock is seeking to participate in SpaceX's initial public offering, with a target subscription size of approximately $5 billion. Previous reports indicated that SpaceX's IPO has already received multiple times the expected subscription size. The sources mentioned that current discussions are still ongoing and details of the offering may still change in the future. As the information has not been made public yet, they requested to remain anonymous. A BlackRock spokesperson declined to comment, and a SpaceX spokesperson did not immediately respond to a request for comment.