BlockBeats News, May 17th, Morning News: "BlackRock Considers Investing $50-100 Billion in Next Month's SpaceX IPO." If true, SpaceX would become the largest single IPO BlackRock has participated in in recent years.

According to mutual fund public disclosure documents, BlackRock has already made a private investment in SpaceX, with the current holdings valued at at least $3 billion.

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, large-scale participation in IPOs is rare. The last time BlackRock made a high-profile move was with the stablecoin company Circle. As early as 2022, BlackRock participated in Circle's $400 million Series F funding round (valued at about $8.05 billion at the time). During the 2025 IPO, BlackRock even directly subscribed to 10% of Circle's shares. CRCL surged over 860% at its peak after listing, becoming a market focus.

Given SpaceX's size, it is difficult to imagine it replicating the skyrocketing myth of CRCL after listing. However, BlackRock's careful selection may become an important cornerstone in the eyes of the market, escorting the largest IPO in history.