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Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO
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.
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
For nearly two decades, some of the world's most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets. Now, with Elon Musk's company seeking a valuation of roughly $1.8 trillion in its initial public offering, those early bets are poised to generate some of the largest paper gains in venture capital history. Among the biggest beneficiaries are veteran stock picker Ron Baron, Cathie Wood's Ark Invest and mutual fund...