Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.

The Next Web

The Next Web

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June 12, 2026

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Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.

Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around 600m into the rocket company. At the IPO price, that stake is worth more than 50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders [] This story continues at The Next Web

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