Blue Owl Shares Jump 10% After Disclosing 10x Returns on SpaceX Investment
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.