BlackRock has held discussions to invest between $5 billion and $10 billion in SpaceX's planned initial public offering next month, Reuters reported citing news outlet The Information on Saturday. Bloomberg News reported on Friday that a majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company's board. According to the report, shareholders of IPO-bound SpaceX were informed through email that the stock's fair market value had been adjusted to $105.32 per share from $526.59 following the split. The report said the stock split will be processed during the week of May 18 and is expected to be completed by May 22.