Blue Owl's SpaceX Investment Lifts Earnings Call Performance
Blue Owl's earnings call was unexpectedly boosted by its profitable investment in SpaceX, which helped offset concerns about its private credit portfolio. The company reported a 10x return on its SpaceX investment and plans to benefit from SpaceX's anticipated large IPO. The stock rose 10% following the announcement.
Topics: earnings call investment performance private credit SpaceX stock price movement