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

Odaily reported that SpaceX plans to advance its initial public offering (IPO) next month. If the listing is successful, it will unlock approximately $20 billion in potential equity returns for D1 Capital Partners, a Wall Street institution founded by Dan Sundheim. The estimate is based on SpaceX's latest valuation assumptions, reflecting its high concentration of holdings in the private market and the potential paper gains for institutional investors. (Financial Times)