Science
Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO
Key Points
Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO A small number of firms are set to net tens of billions of dollars in returns from SpaceX’s initial public offering at a nearly $1.8 trillion valuation, marking one of the most significant windfalls in venture capital history. Founders Fund, a venture firm led by Musk’s longtime associate Peter Thiel, owns a roughly 3% stake in SpaceX after investing $600 million in the company over several rounds dating back nearly 20 years.
Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO
A small number of firms are set to net tens of billions of dollars in returns from SpaceX’s initial public offering at a nearly $1.8 trillion valuation, marking one of the most significant windfalls in venture capital history.
Founders Fund, a venture firm led by Musk’s longtime associate Peter Thiel, owns a roughly 3% stake in SpaceX after investing $600 million in the company over several rounds dating back nearly 20 years. At the company’s $135-per-share IPO price, that stake is worth more than $50 billion, according to a person familiar with the matter.