Hedge fund D1 Capital Partners is expected to be among the biggest winners next month from SpaceX’s public listing, one of a handful of firms on Wall Street that are in line for windfalls.
Dan Sundheim’s firm will have a stake worth about $20bn if the rocketmaker is valued at the expected $1.75tn, a figure that could still change, according to people familiar with the matter.
D1 is among a small number of hedge funds that invested early in one of Elon Musk’s most valuable businesses, long before a public listing seemed possible.
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