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16:19
BlackRock considers investing $5 billion to $10 billion in SpaceX's IPO
This massive investment targets an IPO project with a fundraising cap of up to $75 billion, representing a vote of confidence from the world's largest asset management company in one of Musk's enterprises. This investment will highlight the close relationship between Musk and BlackRock CEO Larry Fink—both of whom recently visited China with President Donald Trump. The investment also reflects a growing consensus on Wall Street: despite SpaceX seeking an extremely high valuation and planning to give investors virtually no power to challenge management decisions, the market will still participate in what could be the largest IPO in history.
16:08
Iranian media: Europe has begun talks with the Revolutionary Guard regarding passage through the Strait of Hormuz
The Islamic Republic of Iran Broadcasting reported on the 16th regarding the situation in the Strait of Hormuz, stating that Europe has begun contact and coordination with the Islamic Revolutionary Guard Corps Navy of Iran on the issue of navigation in the Strait. The report said that Iran is currently maintaining management over navigation in the relevant sea areas. A batch of oil that was previously "at risk of being seized" has been brought back under control and has been sold.
16:06
The Information: BlackRock considers investing several billions of dollars in SpaceX's IPO
Odaily reported, according to The Information: BlackRock is considering investing several billion dollars (between 5 and 10 billion dollars) in SpaceX's IPO.
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