Blue Owl Sells Half of SpaceX Investment at $1.25 Trillion Valuation
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBlue Owl sold approximately half of its investment in SpaceX at a valuation of $1.25 trillion, according to co-CEO Marc Lipschultz. The firm had achieved a return of ten times its original investment. SpaceX is anticipated to go public later in the year, potentially at a valuation of $1.75 trillion, aiming to raise around $75 billion. This public offering could mark the largest in history and may position CEO Elon Musk to become the world's first trillionaire.
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