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00:02BlackRock is reportedly in talks to invest between $5 billion and $10 billion in SpaceX's
00:08planned initial public offering, according to the information. The report said BlackRock
00:13would use capital from its $536 billion actively managed fund pool, though the final commitment
00:19could change based on pricing and deal conditions. SpaceX is seeking to raise $75 billion at a
00:26valuation of about $1.75 trillion and plans to list on the Nasdaq as early as June 12th.
00:33The Elon Musk-led company also reportedly informed shareholders of a five-for-one stock split
00:38that would lower the per-share price from about $526.59 to $105.32. CNBC's Jim Cramer warned
00:47that limited share availability could push the valuation toward $5 trillion. Benzinga could
00:54not independently verify the report. For all things money, visit Benzinga.com.
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