▲ A SpaceX rocket launch
U.S. aerospace company SpaceX has received multi-trillion won bids for its initial public offering (IPO) from major asset managers, including BlackRock, the Wall Street Journal (WSJ) reported on June 11 (local time), citing sources familiar with the matter.
According to the report, BlackRock placed an order to purchase at least $5 billion (approximately 7.6 trillion won) worth of shares in the SpaceX IPO, which closed the previous day.
The newspaper noted that orders from other major asset managers were equally "eye-popping."
Capital has poured in not only from sovereign wealth funds but also from family offices managing funds for ultra-high-net-worth individuals, with some family offices placing orders exceeding $1 billion (approximately 1.5 trillion won).
Considering that Cerebras, an AI chip company previously considered the largest IPO of the year, raised a total of $5.55 billion (8.4 trillion won), the level of institutional investment flowing into SpaceX is immense.
Earlier on the same day, Bloomberg reported that orders from individual investors seeking to participate in the SpaceX IPO had surpassed $100 billion (approximately 153 trillion won).
SpaceX aims to raise $75 billion—the largest IPO in history—by selling approximately 556 million shares of Class A common stock at $135 per share.
SpaceX is set to finalize the offering price today.
The shares are scheduled to begin trading on the Nasdaq market during the session on June 12.
(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.