Investor 137 Ventures holds a major equity position in SpaceX, valued at around $10 billion, based on the company's recent valuation following several rounds of investment. The stake reflects the firm’s early confidence in Elon Musk’s aerospace venture as it advances toward a potential public offering. This significant holding is expected to deliver substantial returns, especially as SpaceX continues to expand its launch capabilities and satellite internet initiatives.
Justin Fishner-Wolfson, founder of 137 Ventures, discussed the investment’s outlook on Bloomberg Tech, highlighting the anticipated gains from SpaceX’s growth trajectory. He also announced the launch of two new funds aimed at backing private-stage startups that aim to avoid going public for longer durations. These funds respond to shifting preferences among founders and investors seeking sustained independence from public market pressures.