economy
April 30, 2026
Blue Owl shares surge after private credit firm cites 10X gains from SpaceX
Blue Owl said it's made 10 times its investment in SpaceX, which is headed for a record IPO later this year.
TL;DR
- Blue Owl shares rose 10% following news of substantial gains from its SpaceX investment.
- The firm made approximately 10 times its investment in SpaceX and has sold half its stake.
- These profits are anticipated to offset potential losses in the firm's software company holdings.
- Blue Owl reported strong first-quarter results with rising fee-related earnings and assets under management.
- The company expects to maintain a high fee-related earnings margin despite industry headwinds.
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