SpaceX IPO Could Return More Than $60 Billion Each for Founders Fund, Valor

SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the largest venture returns ever at the time of the IPO. Among those set to win big are Founders Fund, Valor Equity Partners and Sequoia Capital.

Valor Equity Partners, whose founder Antonio Gracias is on the SpaceX board and has backed several of Musk’s endeavors, owns about 4% of SpaceX, via the almost $6 billion it spent investing in X, xAI and SpaceX, which are now all part of the same company. If, as some bankers expect, it is valued at around $1.75 trillion in the IPO, Valor would show gains of close to $65 billion.