Rupert Murdoch’s estranged son is set to make more from his SpaceX investment than he gained from his father’s empire The estranged son of billionaire media mogul Rupert Murdoch seems poised to make a fortune from investments in SpaceX that could far exceed what he’s made from…
s father’s empire. James Murdoch, Rupert’s second son, reportedly invested an estimated $120 million in the rocket company leading up to its historic market debut on June 12
Fortune is reporting (1) that the holding could now be worth as much as $7.5 billion. The estimate was made by Pitchbook analyst Franco Granda, who came to the valuation based on details pertaining to Murdoch’s holdings. Must Read Murdoch’s ties to SpaceX Murdoch reportedly bought three tranches of stock in SpaceX, according to details of a court case brought by a Tesla shareholder against Musk over his infamous $56-billion compensation package, Fortune reported.
Two of the tranches were worth $50 million each and were bought in 2019 and 2020 through a private investment firm. The third was bought for $20 million as a personal investment in 2019. Pitchbook estimates those stakes together are worth between $6.5 billion and $7.4 billion today.