SpaceX Could Become BlackRock's Largest IPO in Recent Years, Last High-Profile Investment Helped Shape the Circle Legend
BlockBeats News, May 17th. This morning, news broke that
According to mutual fund public filings, BlackRock has already made a private investment in SpaceX, with its current stake valued at least $3 billion. However, compared to the positions established by large public investors such as Fidelity, Baillie Gifford, and Franklin Templeton, BlackRock's stake is much smaller.
As the world's largest asset management institution, BlackRock's participation in IPOs through its funds and active management products is not uncommon, but BlackRock's high-profile, direct, and large-scale participation in IPOs is extremely rare. The last time BlackRock made a high-profile move was in relation to the cryptocurrency stablecoin issuer Circle. Back in 2022, BlackRock participated in Circle's $400 million Series F funding round (valued at approximately $8.05 billion at the time). During Circle's IPO in 2025, BlackRock even directly subscribed to 10% of Circle's shares. After CRCL went public, it saw a maximum increase of over 860%, becoming a focal point in the market.
Given SpaceX's size, it is difficult to imagine it replicating CRCL's meteoric rise after going public. However, BlackRock's cautious selection may become an important cornerstone in the eyes of the market, providing crucial support for the largest IPO in history.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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