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Blue Owl sold about half its SpaceX holding at $1.25 tn valuation, exec says

NEW YORK, April 30 (Reuters) - Blue Owl OWL.N sold about half its investment in SpaceX at a $1.25 trillion valuation, an executive from the private credit-focused firm said on Thursday.

"Specifically at SpaceX... we made about 10 (times) our money on that investment," the executive said on a conference call with analysts. "We've sold about half of it at a $1.25 trillion valuation, still holding about half of it."

Blue Owl was one of SpaceX's earliest lenders and eventually made an equity investment, the executive added.

 (Reporting by Isla Binnie in New York and Manya Saini in Bengaluru)

 ((isla.binnie@thomsonreuters.com))

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