SpaceThe Next Webabout 1 hour ago
Dubai Firm Holds $40B SpaceX Stake
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Dubai-based Vy Capital holds a 3.4% stake in SpaceX, worth roughly $40 billion, making it the company's fifth-largest shareholder. The firm, run by Alexander Tamas, first invested in 2016 when SpaceX was valued at $15 billion. Its assets under management grew from $27 billion to $50 billion in June, with the SpaceX position comprising most of that growth.
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