SpaceX IPO Could Spark $20bn Windfall for Early Hedge Fund Investor
SpaceX's upcoming IPO could hand hedge fund D1 Capital Partners about $20 billion at a $1.75 trillion valuation, with Darsana Capital Partners poised for roughly $15 billion; the windfall underscores how hedge funds and other private-market investors are increasingly positioned to reap big returns from private companies before IPOs.