Blue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says

Isla Binnie and Manya Saini

Thu, April 30, 2026 astatine 10:44 AM CDT 1 min read

By Isla Binnie and Manya Saini

NEW YORK, April 30 (Reuters) - Blue Owl ‌sold astir fractional its concern successful ‌SpaceX astatine a $1.25 trillion valuation, the alternate plus manager's ​co-CEO Marc Lipschultz said connected Thursday.

"Specifically astatine SpaceX... we made astir 10 (times) our wealth connected that investment," Lipschultz said connected a ‌conference telephone ⁠with analysts. "We've sold astir fractional of it astatine a $1.25 trillion valuation, ⁠still holding astir fractional of it."

SpaceX is expected to spell nationalist aboriginal this twelvemonth ​at a ​possible valuation of $1.75 ​trillion, raising astir $75 ‌billion successful what would beryllium the largest nationalist listing connected record. The woody could enactment laminitis and CEO Elon Musk connected way to go the world's archetypal trillionaire.

New ‌York-based Blue Owl was ​one of SpaceX's earliest ​lenders and ​eventually made an equity investment, ‌Lipschultz added.

Blue Owl bought banal ​in 2 ​classes of shares successful SpaceX successful 2021, a 2025 securities filing shows.

(Reporting ​by Isla ‌Binnie successful New York and Manya ​Saini successful Bengaluru, editing by Echo ​Wang and Chizu Nomiyama)