SpaceX Could Become BlackRock's Largest Single IPO in Recent Years, Last High-Profile Investment Helped Create the Circle Legend

BlockBeats News, May 17, 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 filing documents, BlackRock has already made a private investment in SpaceX, with its current stake valued 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. However, such a high-profile, direct, and large-scale participation in an IPO is rare. The last high-profile move can be traced back to the stablecoin stock Circle. As early as 2022, BlackRock participated in Circle's $400 million Series F financing (valued at around $8.05 billion at the time). During the 2025 IPO, BlackRock even directly subscribed to 10% of Circle's shares. CRCL's post-listing surge exceeded 860%, becoming a market focus at one point.

Given SpaceX's size, it is hard to imagine that it will replicate CRCL's post-listing skyrocketing myth. However, "BlackRock's careful selection" may become an important cornerstone in the market's eyes, safeguarding the largest IPO in history.