Founders Fund turns $600M SpaceX bet into $50B

Founders Fund invested roughly $600 million into SpaceX, and at the IPO price that stake is now worth over $50 billion, an 80-fold return. The firm owns about three percent of the company, which priced at $135 a share, valuing it near $1.8 trillion. The gain is mark-to-IPO value, not yet realized due to lock-up rules.