A Fidelity fund is now valuing its stake in SpaceX at more than $2.7 billion

A Fidelity fund is now valuing its stake in SpaceX at more than $2.7 billion

Elon Musk walks Donald Trump and congressional lawmakers through a SpaceX launchGetty ImagesFidelity's Contrafund valued its stakes in SpaceX at $2.7 billion at the end of 2024, per filings.The mutual fund giant first invested in Elon Musk's space company via its 2015 Series G.Fidelity invests in startups and large companies via dozens of mutual funds.SpaceX's valuation is soaring — at least according to one investment giant. Fidelity, which inv…

SpaceX’s Soaring Value: Fidelity’s Stake Tops $2.7 Billion - Wall Street Pit

According to BI, the valuation of SpaceX, Elon Musk's pioneering space company, has seen a dramatic surge, as evidenced by the recent adjustments made by Fidelity Investments. Holding a diverse array of SpaceX shares across its funds, Fidelity has now pegged its stake in the company at an impressive $2.7…