BlackRock ordered $5 billion in SpaceX shares as IPO demand hit $250 billion, nearly 4x oversubscribed
TL;DR
BlackRock ordered $5B in SpaceX stock. Total IPO demand hit $250B, nearly 4x oversubscribed. SpaceX debuts Friday at $135/share. Morningstar says it’s worth $63.
BlackRock submitted an order to buy at least $5 billion in SpaceX shares ahead of Friday’s debut, the Wall Street Journal reported. That single order is nearly as large as the entire $5.5 billion Cerebras IPO, the biggest of 2026 so far. SpaceX has told banks it will not budge from its $135 per share price.
Total investor demand has reached $250 billion, making the offering nearly four times oversubscribed, according to Reuters. SpaceX plans to sell roughly 555.6 million shares, raising $75 billion at a valuation of approximately $1.77 trillion. Retail investors have requested over $70 billion worth of shares. Up to 30% of the IPO may be allocated to public buyers.
Allocated shares will be available through Charles Schwab, Fidelity, Robinhood, SoFi, and...
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