Blue Owl sold about half its investment in SpaceX at a $1.25 trillion valuation, the alternative asset manager’s co-CEO Marc Lipschultz said on Thursday.
“Specifically at SpaceX… we made about 10 (times) our money on that investment,” Lipschultz said on a conference call with analysts. “We’ve sold about half of it at a $1.25 trillion valuation, still holding about half of it.”
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. The deal could put founder and CEO Elon Musk on track to become the world’s first trillionaire.
New York-based Blue Owl was one of SpaceX’s earliest lenders and eventually made an equity investment, Lipschultz added.
Blue Owl bought stock in two classes of shares in SpaceX in 2021, a 2025 securities filing shows.
Reuters
