SpaceX IPO could unlock approximately $20 billion in equity returns for D1 Capital if proceeds smoothly

Odaily reported that SpaceX plans to proceed with its initial public offering (IPO) next month. If successfully listed, it could unlock an equity return opportunity of approximately $20 billion for D1 Capital Partners, a Wall Street institution founded by Dan Sundheim. The estimate is reportedly based on assumptions of SpaceX’s latest valuation, reflecting its high ownership concentration in the private market and potential paper gains for institutional investors. (Financial Times)