Franklin Templeton is joining the SpaceX IPO party. CEO Jenny Johnson confirmed on CNBC that the $1.8 trillion asset management giant will participate in what she called a “blockbuster” offering, expected to list on NASDAQ later this week.
What we know (and what we don’t)
Johnson didn’t reveal how much Franklin Templeton plans to allocate to the SpaceX IPO. No pricing details, no performance expectations, no target ownership stake. What she did offer was enthusiasm, which, coming from someone who oversees nearly two trillion dollars, carries a certain weight.
She described SpaceX as representing “the greatest technological change of my lifetime.”
Franklin Templeton already has existing exposure to SpaceX, Johnson noted. The IPO participation would deepen that position as the Elon Musk-led aerospace company transitions from private darling to publicly traded entity.
