BlackRock (BLK) is considering a $5 billion to $10 billion investment in SpaceX's planned initial public offering, The Information reported Saturday, citing people familiar with the matter.
The potential commitment would anchor a public listing that could raise as much as $75 billion next month, the news outlet reported.
Optimists believe backers have consistently made money when wagering on Elon Musk, The Information quoted an unnamed asset management investor as saying.
The final investment sum could vary depending on IPO pricing and other pre-deal factors before the official marketing presentations begin in early June, according to the report.
BlackRock and SpaceX did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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