SpaceX's Sky-High IPO, Google to See 100x Returns and $100 Billion Profit as Top Winner, Binance Could Pocket $990 Million

BlockBeats News, May 20th. The highly anticipated IPO of SpaceX, the largest IPO project in history, is approaching. According to the latest price on trade.xyz, the valuation of SpaceX's IPO is expected to be no less than $2 trillion. BlockBeats has sorted out the profit and loss situations of major investment institutions based on SpaceX's merger with xAI and X and the subsequent equity distribution as follows:

Google's parent company Alphabet once invested approximately $900 million in SpaceX in 2015, holding a 5% stake. This portion of the stock is now worth hundreds of billions of dollars, with a net profit of $99.1 billion, resulting in a return multiple of 110x.

Next is Baron Capital, a long-term major investor in SpaceX. The institution's holding value is around $23.9 billion, with a profit appreciation of approximately $21.8 billion, resulting in a return multiple of 10.4x.

D1 Capital Partners ranks third on the return list. As an early and continuous investor, SpaceX is a significant part of its private equity portfolio. The institution's holding value is around $22.9 billion, with a profit appreciation of approximately $22.3 billion, resulting in a return multiple of 37.2x.

In addition, in 2022, CZ led Binance to invest approximately $500 million, helping Musk complete the acquisition of Twitter (now X). Currently, the X equity held by Binance has been converted into SpaceX shares through multiple equity conversions. It is estimated that Binance's holding value is around $1.5 billion, with a profit appreciation of approximately $993 million, resulting in a return multiple of 2x.