Early $20 million investment in SpaceX by Founders Fund could now exceed $60 billion ahead of anticipated IPO.
Founders Fund invested $20 million in SpaceX in 2008, one of the company’s earliest backers. The firm’s stake is now potentially worth more than $60 billion as SpaceX prepares for what may be the largest IPO ever.
The investment was made before commercial space launch, reusability, or satellite-based communications were established industries. Founders Fund has repeatedly backed SpaceX at pivotal stages, citing confidence in its long-term mission and technical progress.
Scott Nolan, a former SpaceX employee and current Founders Fund partner, stated the firm was highly confident in SpaceX’s success even at the time of the initial investment, noting steady improvement in early launches.