Peter Thiel's $600-mn SpaceX bet to see $50 bn windfall from IPO

Founders Fund, the venture capital firm led by Peter Thiel, invested about $600 million in SpaceX through multiple funding rounds spread over nearly two decades. At SpaceX's IPO price of $135 per share, that holding is now worth more than $50 billion, according to Bloomberg. The IPO values SpaceX at $1.77 trillion, making it the US' seventh most-valued company.