Blue Owl Gains 10% After Announcing 10x Return on SpaceX Investment

According to CNBC, Blue Owl rose 10% in trading on its first-quarter earnings call after executives announced the US private credit firm had made about 10 times its money on a SpaceX investment. The firm said it had sold approximately half of the stake at a $1.25 trillion valuation. An executive noted Blue Owl first extended credit to SpaceX before later making an equity investment in the company.
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