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00:02Blue Owl Capital said it sold about half of its SpaceX stake at a $1.25 trillion valuation,
00:09locking in about a 10 times return while retaining the rest, according to Reuters.
00:14Blue Owl Technology Finance Corp. invested $27 million in SpaceX equity in 2021
00:20and has increased the valuation of that stake multiple times since.
00:25The fund carried the position at $195 million at the end of 2025, with SpaceX driving unrealized gains.
00:33The firm said the profit can offset losses in other parts of its credit portfolio.
00:39Co-CEO Mark Lipschultz said SpaceX gains can offset losses in other credit investments
00:44and noted Blue Owl first lent to the company before taking an equity stake.
00:48Blue Owl reported revenue rose 13%, fee-related earnings rose 14%,
00:54and distributable earnings rose 11% from the prior year.
00:58SpaceX is targeting a May IPO at a valuation above $1.75 trillion,
01:04with pricing expected the week of June 15th.
01:06For all things money, visit Benzinga.com.
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