BlackRock discusses investing billions of dollars in SpaceX's IPO.

CoinFeed reported on May 17th that, according to The Information, sources familiar with the matter revealed that BlackRock has discussed investing $5 billion to $10 billion in SpaceX's IPO next month. This massive investment, targeting an IPO that could raise up to $75 billion, would represent a vote of confidence from the world's largest asset management firm in Musk's company. This investment also reflects the market's continued participation in what will be the largest IPO in history, despite SpaceX's pursuit of an extremely high valuation and plans to leave investors with virtually no power to challenge management decisions.