Vy Capital Becomes SpaceX's Fifth-Largest Shareholder with 3.4% Stake

According to a report by the Financial Times, venture capital firm Vy Capital holds approximately 3.4% of SpaceX, valued at roughly $40 billion, making it the company's fifth-largest shareholder. This stake exceeds the disclosed holdings of Sequoia Capital and a16z. Vy Capital initially invested in SpaceX in 2016 at a valuation of about $15 billion. The firm's assets under management grew from $27 billion at the end of last year to $50 billion as of June. In an investor letter, the firm reported a 41% internal rate of return since its inception in 2014 and has distributed $4.6 billion to investors.