Blue Owl Capital has confirmed it has sold roughly half of its investment in SpaceX at an extraordinary valuation of $1.25 trillion, marking one of the most profitable private-market exits in recent years.
The announcement came from co-CEO Marc Lipschultz during a conference call with analysts, where he revealed that the firm has already achieved around 10 times its original investment.
Massive Returns From Early SpaceX Bet
Blue Owl said it remains heavily invested in SpaceX despite the partial sale.
“We’ve sold about half of it at a $1.25 trillion valuation, still holding about half,” Lipschultz noted, highlighting the firm’s continued exposure to the aerospace giant.
The investment traces back to Blue Owl’s early involvement as a lender before transitioning into an equity position in the company.
SpaceX Eyes Historic IPO
SpaceX is now widely expected to move toward a public listing later this year, with estimates suggesting a potential valuation of up to $1.75 trillion.
If completed, the offering could raise approximately $75 billion, potentially becoming the largest IPO in history.
The development has intensified speculation around founder Elon Musk, who could move closer to becoming the world’s first trillionaire if valuation targets are achieved.
Private Markets See Record Activity
Blue Owl, a New York-based alternative asset manager focused on private credit, real estate, and strategic equity investments, has been one of the early institutional players in SpaceX’s private funding journey.
The firm’s strong performance comes as investor demand for liquidity continues to grow across private markets.
Market Reaction
Following the disclosure of its SpaceX gains, Blue Owl shares saw a notable surge as investors reacted to the scale of the returns.
The update underscores how late-stage private investments in high-growth tech companies are reshaping Wall Street profit potential.
What Comes Next
With SpaceX moving closer to public markets, investor attention is now focused on:
- Final IPO timing
- Final valuation range
- Early investor exits
- And potential market disruption
For now, Blue Owl’s partial exit stands as one of the most high-profile wins in the current private equity cycle.
