US EditionBlue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says
- On Thursday, Blue Owl Capital co-CEO Marc Lipschultz announced the firm sold half its SpaceX investment at a $1.25 trillion valuation, realizing approximately 10 times its original equity stake.
- Blue Owl Technology Finance Corp invested $27 million of equity in SpaceX in 2021, leveraging its position as an early lender to eventually secure the stake and capture the tenfold gain.
- Lipschultz highlighted the sale as a hedge against software credit losses from AI disruption, stating, "Those are the ways... We can offset some of those losses."
- Blue Owl continues to hold the remaining half of its position, standing to gain approximately $440 billion in incremental valuation if the SpaceX IPO prices at its $1.75 trillion target.
- The SpaceX IPO is expected to raise about $75 billion, potentially surpassing the $29.4 billion Saudi Aramco IPO record, as markets organize around AI infrastructure valuations.
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Blue Owl sells half its SpaceX stake at $1.25 trillion valuation for 10x return, co-CEO says - Tech Startups
Blue Owl is cashing in on one of its most lucrative bets. The alternative asset manager has sold roughly half of its stake in SpaceX at a $1.25 trillion valuation, turning an early investment into a 10x return. The update came […] The post Blue Owl sells half its SpaceX stake at $1.25 trillion valuation for 10x return, co-CEO says first appeared on Tech Startups.
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Blue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says
NEW YORK, April 30 : 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.
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