SpaceX’s $SPCX expected IPO could deliver some of the biggest VC returns ever, per The Information.
At a potential $1.75T valuation:
> Valor Equity owns about 4% and could see gains near $65B
> Founders Fund owns about 3.5% after investing over $600M and could gain more than $60B
> Sequoia owns almost 1.5% after spending about $2B across SpaceX, xAI and X, with potential returns above $20B
SpaceX is expected to make its IPO prospectus public as soon as Wednesday, setting up a possible mid-June listing.