Overview
Blue Owl, the New York-based alternative asset manager, disclosed that it has monetized approximately half of its investment in SpaceX at a valuation of $1.25 trillion, co-CEO Marc Lipschultz said on a conference call with analysts. Lipschultz described the sale as delivering substantial returns to the firm, saying, "Specifically at SpaceX... we made about 10 (times) our money on that investment."
Current stake and proceeds
According to Lipschultz, Blue Owl has sold about half of its SpaceX holding at the cited valuation while retaining the remaining half of the position. The co-CEO did not provide additional details on the timing or the precise proceeds realized from the partial sale during the call.
Context on SpaceX and a possible IPO
The aerospace company is expected to go public later this year at a potential valuation of $1.75 trillion and could raise roughly $75 billion in the offering, the company or market observers expect. That level of proceeds, if realized, would make the transaction the largest public listing on record and, as noted in public statements, could put the company's founder and CEO on track to become the world's first trillionaire.
Blue Owl's relationship with SpaceX
Blue Owl was among SpaceX's earliest lenders and at a later stage converted part of that relationship into an equity investment, Lipschultz said. A securities filing from 2025 indicates Blue Owl purchased shares in two classes of SpaceX stock in 2021.
Implications noted on the call
Lipschultz framed the outcome as a meaningful win for Blue Owl's investment program, underscoring the firm's ability to realize significant multiple returns on select private equity stakes while maintaining exposure to future upside by holding the remaining portion of its position.
This article presents the known statements and filings cited by company leadership. Where future events are referenced - including the timing, size, and valuation of a potential initial public offering - those items remain expectations rather than completed outcomes.