WSJ: The Little-Known Hedge Fund That Stands to Make Over $10 Billion on SpaceX
The hedge fund’s SpaceX position reflects years of private investments and related deals, with people familiar saying it could be worth about $8.5 billion.
- Hedge funds D1 Capital Partners and Darsana Capital Partners stand to reap significant financial rewards from the upcoming public listing of Elon Musk's SpaceX, having maintained substantial positions in the rocket manufacturer for several years.
- Managed by Dan Sundheim, D1 Capital Partners entered SpaceX in 2020 when the company was valued at around $36 billion, positioning the firm for substantial gains.
- Founded by Anand Desai, Darsana first invested in SpaceX in 2019 and has never sold any shares, with the rocket manufacturer now accounting for approximately $8.5 billion of the firm's $15 billion in assets under management.
- Darsana's clients include endowments from Yale University and the University of Pennsylvania, with approximately $100 million in capacity allocated to Morgan Stanley Wealth Management clients seeking SpaceX exposure.
- D1 Capital Partners' stake could be worth approximately $20 billion if SpaceX achieves its anticipated $1.75 trillion valuation at IPO, and the firm remains committed to retaining its holdings despite substantial external interest.
9 Articles
9 Articles
The Little-Known Hedge Fund That Stands to Make Over $10 Billion on SpaceX
SpaceX’s planned initial public offering is expected to be a windfall for futurist investors and venture capitalists. A publicity-shy hedge-fund manager whose other investments include Dicks Sporting Goods and Wingstop is also expected to make a killing.
Darsana Capital Partners was an almost invisible, virtually unknown 'hedge fund' that operated like many others from the heart of Wall Street in global markets, but its presence in SpaceX as a shareholder has placed it in the headlines as one of the most outstanding fortunes in the imminent mega-exit stock market.The chance and vision has wanted that investment to have a Spanish connection. Darsana was one of the 'hedge funds' that came in the s…
The SpaceX IPO Will Create the Biggest Single Hedge Fund Win in Wall Street History
EBM Newsdesk Analysis 19 May 2026. The SpaceX IPO is targeting a June roadshow at a $1.75 trillion valuation — and when it prices, it will hand one hedge fund a stake worth approximately $20 billion. D1 Capital Partners, the fund run by Dan Sundheim, bought into SpaceX in 2020 when the company was valued at around $36 billion. That entry price, on paper, is about to deliver one of the largest single investment returns in the history of instituti…
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