00:00It's Benzinga bringing Wall Street to Main Street.
00:02Hedge fund Darsana Capital Partners stands to reap paper gains of more than $10 billion
00:07if SpaceX goes public at a valuation of around $1.5 trillion or more next month,
00:13according to the Wall Street Journal. Darsana first invested in SpaceX in 2019,
00:18when the company was valued at around $30 billion and has never sold any of its shares.
00:24SpaceX now accounts for nearly 60% of Darsana's $15 billion in assets under management.
00:31D1 Capital Partners is also positioned for a major windfall.
00:36Sitting on paper gains of about $9 billion on SpaceX stock,
00:40it acquired over several years for about $600 million.
00:44Darsana has a history of startup investing, including pre-IPO stakes in DoorDash and Juul Labs,
00:50and in December led a $300 million funding round for aerospace startup Boom Supersonic.
00:57For all things money, visit Benzinga.com.
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