The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

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)