High-Stakes Bet on SpaceX: Mysterious Hedge Fund Puts Nearly 60% of Its Portfolio on Musk, Expected to Rake in Over $10 Billion

According to QuantBeater monitoring, the mysterious hedge fund Darsana Capital Partners has realized a huge windfall. With Elon Musk's space exploration company SpaceX set to go public next month with a valuation of over $1.5 trillion, the fund's paper profit on this project is expected to exceed $10 billion.

Darsana first invested in SpaceX in 2019 when the valuation was around $30 billion and has since continued to increase its position without selling. In addition to direct investment, the fund has also participated in the privatization funding of social media platform X; following X's merger into xAI last year and its full merger into SpaceX earlier this year through an all-stock deal, Darsana obtained more SpaceX shares.

With the soaring valuation, this single investment now accounts for nearly 60% of Darsana's approximately $15 billion in total assets under management, with the current position valued at $8.5 billion. Since SpaceX's financing at a valuation of around $800 billion in December last year, the fund's gains have increased by billions of dollars.

Similar fund D1 Capital Partners has also reaped huge profits. With a total investment of around $600 million in the SpaceX project, its unrealized gains have now reached about $9 billion.