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Inside The Record-Breaking Space X IPO: Why BlackRock Wants 13% – BlackRock (NYSE:BLK)

SpaceX is expected to raise $75 billion during its IPO as soon as June, making it two and a half times larger than Saudi Aramco’s $30 billion raise—the previous record holder.

BlackRock Wants 13% Of The Deal

BlackRock Inc. (NYSE:BLK) wants over 13% of the entire offering. The IPO is already oversubscribed before going live, with the world’s largest asset manager leading demand.

Pre-IPO markets on Hyperliquid have SpaceX trading at $2.5 trillion. The company generated $6 billion in revenue last year, putting the valuation at 417 times sales.

Ron Baron projects SpaceX could hit $10 trillion to $30 trillion long-term, with Starlink alone worth $14 trillion. 

These numbers have traders…

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