04:09 PM EST, 01/10/2025 (MT Newswires) -- Blackstone (BX) is evaluating a sale of Liftoff for over $4 billion including debt, Reuters reported Friday, citing people familiar with the matter.

The company is working with investment bankers at Goldman Sachs and Jefferies to explore strategic alternatives, which also includes a potential initial public offering, the people reportedly said.

Blackstone is seeking a valuation for Liftoff exceeding 10 times its 12-month earnings before interest, tax, depreciation, and amortization of $350 million, according to the sources.

Blackstone, Liftoff, Goldman and Jefferies did not immediately respond to MT Newswires' request for comment.

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