Vy Capital Becomes Fifth-Largest SpaceX Shareholder with $40 Billion Stake

According to the Financial Times, venture capital firm Vy Capital holds approximately $40 billion worth of SpaceX shares, representing a 3.4% stake and making it the company's fifth-largest shareholder. Vy Capital, which first invested in SpaceX in 2016, has seen its holdings grow significantly following SpaceX's valuation reaching $1.75 trillion. The firm is also a major investor in The Boring Company and Neuralink, and its founder John Hering maintains close ties with Elon Musk. Vy Capital, which manages $50 billion in assets as of June, has stopped accepting new external investors.