CNBC US Markets4/30/2026BusinessUnited States
Blue Owl Shares Jump 10% After Disclosing 10x Returns on SpaceX Investment
Private credit firm says gains from SpaceX stake could offset potential losses from software company defaults as AI threatens sector
Quick Look
- Blue Owl shares surged 10% Thursday after executives disclosed the firm made 10x its money on SpaceX investment, having sold roughly half its position at a $1.25 trillion valuation.
- The gains could offset potential losses if software companies, threatened by new AI models, default on loans.
- The private credit firm reported solid Q1 results with fee-related earnings and AUM rising.
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Blue Owl shares surged 10% Thursday after executives disclosed the firm made 10x its money on SpaceX investment, having sold roughly half its position at a $1.25 trillion valuation. The gains could offset potential losses if software companies, threatened by new AI models, default on loans. The private credit firm reported solid Q1 results with fee-related earnings and AUM rising.
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This article was originally published by CNBC US Markets.
