SpaceX IPO: BlackRock Talks, 5-for-1 Split Hint at $1.75 Trillion Deal
SpaceX plans to debut on Nasdaq as early as June 12 under the ticker SPCX, targeting about $75 billion in proceeds at a $1.75 trillion valuation. Shareholders approved a 5-for-1 stock split, with processing expected by May 22. BlackRock has discussed a possible $5 billion to $10 billion investment, though no agreement is final. SpaceX aims to release its prospectus as early as Wednesday.