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Market Chatter: BlackRock Places $5 Billion Order for SpaceX Shares

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BlackRock (BLK) has placed an order to buy at least $5 billion worth of SpaceX shares, The Wall Street Journal reported Thursday, citing people familiar with the matter.

Individual investors placed more than $70 billion in orders for SpaceX shares. The company also attracted demand from sovereign wealth funds and family offices, including a single family office order of over $1 billion, the report said.

SpaceX's order book closed Wednesday, and bankers are now determining final allocations ahead of a planned listing Friday, the report added.

BlackRock and SpaceX didn't immediately reply to' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $1008.84, Change: $-1.84, Percent Change: -0.18%

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