BlockBeats news, May 17: Early this morning, it was reported that "BlackRock is considering investing $5 billion to $10 billion in SpaceX's upcoming initial public offering." If true, this would make SpaceX the largest single IPO BlackRock has participated in in recent years.
According to public filings of mutual funds, BlackRock has long held a private investment in SpaceX, with its current stake valued at at least $300 million.
As the world’s largest asset manager, it is not unusual for BlackRock to participate in IPOs through its funds and actively managed products, but its high-profile, direct, and substantial involvement in an IPO is rare. The last time BlackRock made such a prominent move was with the cryptocurrency stablecoin issuer Circle. Back in 2022, BlackRock participated in Circle’s $400 million Series F funding round, at which the company was valued at approximately $8.05 billion. During Circle’s 2025 IPO, BlackRock directly subscribed to a 10% stake. Following its listing, CRCL surged more than 860%, briefly becoming a major market focus.
Given SpaceX’s scale, it’s hard to imagine its listing replicating the meteoric rise of CRCL, but “BlackRock’s Selected Picks” could become a crucial anchor for the market, safeguarding the largest IPO in history.