Blue Owl Sells Half of SpaceX Investment at $1.25 Trillion Valuation

AI Summary

Blue 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.