137 Ventures Eyes $10 Billion SpaceX Windfall
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Investor 137 Ventures has invested approximately $10 billion in SpaceX, anticipating significant returns as the company approaches its IPO. Justin Fishner-Wolfson, the firm's founder, highlights the expected windfall and discusses two new funds aimed at supporting startups that prefer to remain private for extended periods. This conversation took place on 'Bloomberg Tech' with hosts Caroline Hyde and Ed Ludlow.
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As SpaceX prepares for its IPO, investor interest is surging, with firms like 137 Ventures positioning themselves to capitalize on the anticipated growth. The discussion around private funding indicates a shift in how startups are financed, with more emphasis on long-term growth rather than immediate public market access.
This article is for informational purposes only and does not constitute investment advice.
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