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Blue Owl cashes out part of SpaceX stake

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Blue Owl Capital sold roughly half of its SpaceX investment at a $1.25 trillion valuation, locking in about a 10x return, according to co-CEO Marc Lipschultz.

Blue Owl originally invested $27 million in SpaceX equity in 2021 through one of its technology finance funds after first building ties as an early lender. The firm’s remaining stake is still significant, while the partial sale secures major realized gains ahead of SpaceX’s expected IPO later this year.

SpaceX is reportedly targeting a public debut at a potential $1.75 trillion valuation, which could make it one of the largest IPOs in history. Blue Owl’s move reflects both confidence in future upside and a strategic decision to crystallize profits at already massive private-market valuations.

The sale also gives Blue Owl additional flexibility to offset potential credit-market risks, showing how private equity positions in top-tier tech firms can serve as major portfolio stabilizers.

SpaceX in Talks with Saudi Fund for $5B IPO Investment

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SpaceX is reportedly in discussions with Public Investment Fund (PIF) over a potential $5 billion anchor investment ahead of its anticipated initial public offering.

The investment would help secure a cornerstone position for PIF in the IPO while limiting dilution of its existing stake, which is currently just under 1%. The talks are part of SpaceX’s broader effort to line up major institutional investors before launching what could become one of the largest IPOs in history.

The company is targeting a fundraising total of around $75 billion, a scale that would surpass previous landmark listings such as Saudi Aramco and Alibaba.

Led by Elon Musk, SpaceX has been actively gauging investor demand as it prepares for its market debut later this year. Anchor investors are expected to play a key role in stabilizing the offering and signaling confidence to broader markets.

The potential deal would further deepen ties between Musk’s business ecosystem and Saudi Arabia’s investment arm, which has already committed significant capital to related AI and technology initiatives.

While discussions are ongoing, sources indicate that no final agreement has been reached and terms remain subject to change.

SoftBank Secures $40B Loan to Expand OpenAI Investments

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SoftBank Group has secured a $40 billion bridge loan to strengthen its investments in OpenAI and support broader corporate initiatives.

The unsecured loan, which matures in March 2027, was arranged with major financial institutions including JPMorgan Chase, Goldman Sachs and leading Japanese banks. The funding reflects SoftBank’s continued push into artificial intelligence as global competition intensifies.

The company, led by Masayoshi Son, has already committed significant capital to OpenAI through its Vision Fund and is deepening its involvement in AI infrastructure and development.

OpenAI, supported by Microsoft, has become a central player in the AI boom, driving large-scale investments across the industry. SoftBank has also been involved in major initiatives such as the Stargate Project, aimed at building AI infrastructure in the United States.

The new financing highlights SoftBank’s increasingly aggressive strategy in artificial intelligence after years of mixed performance from its investment portfolio.