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Larry Fink’s BlackRock seeks $5 billion SpaceX stake before record IPO tomorrow
Jun 11, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
BlackRock is seeking to buy at least $5 billion of SpaceX stock ahead of the company’s IPO, aiming to complete allocations before the rocket company starts trading as soon as tomorrow and placing the asset manager at the center of this year’s IPO frenzy. This sizable institutional fundraising and demand signals strong market appetite and institutional adoption that could influence broader asset allocation, including crypto and DeFi markets.
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Larry Fink’s BlackRock (NYSE: BLK) is trying to buy at least $5 billion of SpaceX stock before the rocket company starts trading as soon as tomorrow, putting one of Wall Street’s biggest money managers right in the middle of the IPO frenzy. Before SpaceX, the largest IPO of the year belonged to the chip-maker Cerebras,...
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