What Happened
Investment Firm Realizes Tenfold Return on Early Bet
Blue Owl, an alternative asset manager, has sold about half its investment in SpaceX at a $1.25 trillion valuation, realizing a tenfold return on its initial investment. The company’s co-CEO, Marc Lipschultz, announced the sale on a conference call with analysts, highlighting the significant gains made on the investment. SpaceX is expected to go public later this year at a possible valuation of $1.75 trillion, raising about $75 billion in what would be the largest public listing on record. This was reported by Reuters.