BlockBeats reported on June 11 that, according to sources, the SpaceX IPO has attracted at least $5 billion in subscription orders from BlackRock. The short news item did not disclose an IPO timetable, offering size, pricing range, or details on other participating institutions; it focused solely on the size of BlackRock’s order.
An IPO refers to an initial public offering, and subscription orders represent purchase demand submitted during the offering process. Based on the wording of the report, BlackRock’s related order amount is described as “at least” $5 billion. Allocation results and later procedural details were not included in the original flash update.
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