SpaceX Plans IPO as BlackRock Places at Least $5 Billion in Orders

SpaceX plans to conduct an initial public offering on the next trading day. BlackRock submitted orders of at least $5 billion for shares in the offering. 75 trillion valuation.

SpaceX was valued at about $400 billion when EchoStar received its SpaceX stock as part of an earlier transaction. EchoStar agreed late last year to sell its AWS-4 and H-block spectrum licenses to SpaceX for about $17 billion.

SpaceX also agreed to cover about $2 billion in EchoStar's interest payments through November 2027. The transaction created a long-term commercial relationship under which Boost Mobile customers will gain access to SpaceX's Starlink Direct to Cell service through EchoStar's cloud-native 5G core.

EchoStar's leadership said the combination of its spectrum with SpaceX's launch and satellite capabilities will accelerate the rollout of direct-to-cell services.

EchoStar holds a stake in SpaceX received from the spectrum transaction. 34 on Thursday, June 11, 2026. 19% over the past 12 months. The SpaceX IPO has drawn over $70 billion in retail orders.

Virgin Galactic shares also moved higher on Thursday.