The Hollywood power players set to make billions in Elon Musk’s SpaceX IPO
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Who wants to be a billionaire?
SpaceX is poised for a record-setting debut on the stock market Friday, but a number of private shareholders already invested early in Elon Musk‘s rocket company and will rake in billions. So who’s making bank this week?
Sources tell us that big-name early investors in Musk’s company include: Hollywood super-connector Michael Kives of K5 Global, WME Group CEO Ari Emanuel, “The Apprentice” creator Mark Burnett and CAA CEO Bryan Lourd, among others.
While it’s unclear how much each exec could make, Kives’ firm is expected to be the town’s biggest winner, we hear. It’s been reported that K5’s position can be worth billions when the stock prices around $135 per share Thursday before it trades on the Nasdaq on Friday as SPCX.
We further hear that “Survivor” guru Burnett got in on the action quite early, while Emanuel will also make a killing and that while Lourd’s stake is apparently smaller than the rest, he’s still lined up for quite a windfall, according to a number of various showbiz sources all buzzing about the IPO this week.
Reps for the investors did not comment. The New York Times reported this week: “For many people, owning shares of SpaceX before its IPO is a bragging right.” (Many backers invested via so-called “special purpose vehicles,” which gets you in the mix on privately held outfits even without having a particular “in” with the company.)
Beyond the execs, there are also stars with shares, too, including the rapper 2 Chainz, who said of his early investment in a March interview: “I know some PE guys that, when it came across their desk, they would give me the opportunity. With investments, I gambled … You know, the whole thing is you’re just trying to come up with some multiples. I got in with SpaceX very early … It felt like I got in like early bitcoin… That’s a good one, but it hadn’t IPO’d yet.”
Investors outside the entertainment world include Anthony Scaramucci, former education secretary Betsy DeVos and the hosts of a podcast called “Rich Habits” — Christian Blackwell and Austin Hankwitz — who invited 150 of the show’s followers to invest with them via a firm called Witz Ventures.
Reports have also said top investors include Josh Kushner‘s Thrive Capital, Marc Andreessen and Ben Horowitz‘s Andreessen Horowitz, DFJ Growth, Peter Thiel‘s Founders Fund, Sequoia, Valor Equity Partners and Vy Capital, as well as Alphabet plus investment firms such as Baillie Gifford, Blue Owl Capital, Brookfield Growth, Capricorn Investment Group, D1 Capital Partners, Fidelity, Gigafund, Kleiner Perkins, T. Rowe Price and the Ontario Teachers’ Pension Plan.
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