TREE NEWS update: Venture capital firm Vy Capital currently holds about a 3.4% stake in SpaceX, valued at roughly $40 billion, making it SpaceX’s fifth-largest shareholder, with a holding larger than the disclosed positions of Sequoia Capital and a16z. Vy Capital first invested in SpaceX in 2016, when the company was valued at about $15 billion. The firm’s assets under management have grown from $27 billion at the end of last year to $50 billion as of June this year, and it says it has delivered a total internal rate of return of 41% since its founding in 2014, having distributed $4.6 billion to investors.
Vy Capital Holds About 3.4% Stake in SpaceX, Valued at Roughly $40 Billion, Becoming Fifth-Largest Shareholder
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
20m ago
Trump: US Personal Income at Record High, Poverty Rate Near Historic Low
25m ago
WTI December crude settles down 7.66 dollars, over 7.35%, at $96.46 a barrel
26m ago
Trump Says US Now ‘Owns’ Greenland, Thanks Denmark and Europe
27m ago
Nasdaq 100 Trims Losses After Trump Says He Is ‘Winning’ on Iran
27m ago
Trump Says Iran Wants a Deal, Oil Prices to Fall Further
36m ago
Nasdaq 100 Falls 0.5%, Semiconductor Index Drops Over 2.3%