SpaceX IPO Delivers Historic VC Returns, Surpassing eBay's and Facebook's Records

June 12, 2026
SpaceX IPO Delivers Historic VC Returns, Surpassing eBay's and Facebook's Records
  • Valor Equity Partners’ SpaceX stake is roughly $71 billion, making it the third-largest on the list.

  • SpaceX’s IPO has generated some of the largest inflation-adjusted returns for venture bets, outpacing historic wins like Benchmark’s Ebay investment.

  • Leading investors include SoftBank and Alibaba, Naspers and Tencent, along with multiple SpaceX holdings by Valor Equity Partners, Founders Fund, DFJ Growth, Sequoia Capital, 137 Ventures, Greenoaks, and Accel (Facebook among them).

  • 137 Ventures, led by Justin Fishner-Wolfson, owns a SpaceX stake valued at over $19 billion.

  • Founders Fund’s 2008 SpaceX investment, plus later rounds, is valued at about $67 billion.

  • SoftBank and Alibaba’s 2000 investment, with its 2014 IPO, is valued at over $100 billion after adjustments for inflation.

  • Accel’s Facebook investment is valued at roughly $13.1 billion at its 2012 IPO.

  • Greenoaks’ 16.6% stake in Coupang is valued at about $17.7 billion on an inflation-adjusted IPO basis.

  • Naspers and Tencent’s stake, held through Prosus, sits around $120 billion after IPOs and secondary sales.

  • DFJ Growth’s SpaceX investments from 2009 are expected to yield about $33 billion at IPO.

  • Sequoia Capital’s SpaceX stake, held by Shaun Maguire, is now worth over $29 billion.

  • The piece ranks the top 10 all-time VC exits by inflation-adjusted gains, with SpaceX-related bets dominating the list.

Summary based on 1 source


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