BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports

June 11 (Reuters) - Asset manager BlackRock sought to buy at least $5 billion worth ‌of shares in the initial ‌public offering of Elon Musk's SpaceX , the Wall Street ​Journal reported on Thursday, citing people familiar with the matter.

SpaceX is expected to raise about $75 billion in what would be the ‌world's largest IPO ⁠on record at about a $1.8 trillion valuation.

The order book closed on ⁠Wednesday and bankers are determining share allocations ahead of a planned Nasdaq listing ​on Friday, ​the WSJ said.

Reuters ​had previously reported that ‌SpaceX was considering allocating as much as 30% of the offering to individual investors.

Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning ‌to give retail investors ​a larger role in allocations ​to pushing ​for early index inclusion and ‌structuring governance to preserve ​strong founder ​control.

SpaceX did not immediately respond to a request for comment, while BlackRock declined ​to comment. ‌Reuters could not immediately verify the ​report.

(Reporting by Prakhar Srivastava in Bengaluru; ​Editing by Shreya Biswas)