Blue Owl Capital Reports 10X Returns on SpaceX Investment, Shares Rise
Blue Owl Capital's shares surged 10% after the company disclosed a 10X return on its investment in SpaceX. The private credit firm mentioned it sold half of its stake at a $1.25 trillion valuation and continues to hold the remainder. The gains from SpaceX may offset potential losses in Blue Owl's portfolio due to defaults in software companies.
Topics: Blue Owl Capital Earnings Call Investment Gains IPO Private Credit SpaceX