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Those who bought in at a 30 billion valuation back then are now seeing later investors as just more naive investors.
Author: Jack
Source:
Repost: Mars Finance
A few days ago, The Wall Street Journal published an article featuring a hedge fund that almost no one has heard of, called Darsana Capital.
This fund was only established in 2014 and is not very large. In 2019, it made a decision: to bet on a rocket company that had not yet gone public. That year, SpaceX was valued at about $30 billion.
Seven years later, SpaceX is about to go public, with a valuation of $1.75 trillion. The approximately $600 million Darsana invested over the years is now worth about $15 billion. This investment is one of the most profitable hedge fund trades in Wall Street history. The SpaceX stock accounted for D