BlackRock places $5Bn SpaceX IPO order as $75Bn deal draws about $250Bn demand
BlackRock put in an order for at least $5Bn of SpaceX shares ahead of the company's Nasdaq debut on Friday, as the $75Bn offering attracted roughly $250Bn in total demand. SpaceX priced 555,555,555 shares at $135 on Thursday, implying an approximately $1.77 trillion valuation and positioning the deal as the largest public offering on record. Retail orders were said to exceed $70Bn, suggesting many investors may receive only partial allocations.