SpaceX Goes Public at Nearly $2 Trillion Valuation, Early Investors See Massive Returns
By
Iain Martin
Summary
SpaceX has gone public at a nearly $2 trillion valuation, delivering massive returns for early investors. Peter Thiel's Founders Fund, which wrote the first institutional check in 2008 just before a failed rocket launch, now holds a stake worth $67 billion from an initial investment that grew to $600 million over a decade. Other early backers like Valor Equity Partners and DFJ Growth also stand to reap enormous gains from the IPO.
Source
bskySpaceX Goes Public at Nearly $2 Trillion Valuation, Early Investors See Massive Returnsforbes.comKey quotes
· 3 pulledIn 2008, just days before one of SpaceX's early rocket launches failed to reach orbit, Peter Thiel's fund wrote the first institutional check into the nascent, six-year-old startup.
Now, as Elon Musk's rocket and AI company goes public today at a nearly $2 trillion valuation, the fund's stake is worth a staggering $67 billion.
The company started trading just before noon E.T., with an opening price of $150.
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