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SpaceX to list today on the Nasdaq under the ticker symbol "SPCX" - marking the largest IPO in history at $75 billion (the company is launching at a price of $135 per share, commanding MCAP of $1.7 trillion). This debut instantly positions SpaceX as the seventh-largest company in the US. The IPO represents a monumental windfall for long-term investors who were early backers of the Elon Musk-led startup. Here's a list of some of them # Ron Baron of Baron Capital - After investing $2 billion across 27 rounds starting at a $22 billion valuation in 2017, Baron’s stake is now worth nearly $12 billion. SpaceX currently accounts for 33% of the Baron Partners Fund and 23% of the Baron Asset Fund. # Founders Fund By Peter Thiel - An early investor since 2008, the fund has turned a $600 million investment into a stake worth over $50 billion, representing a staggering 62,000% return on early capital. # Alphabet - The Google-parent had made a $900 million investment during a Series F round in 2015. Today, that stake is worth $106 billion, which represents nearly 1-2% of Alphabet's MCAP. The investment is often referred to as Alphabet's "Hidden Asset". # Fidelity Investments - A major participant across multiple rounds, including leading the 2020 Series I round, SpaceX now represents significant holdings in the Fidelity Contrafund (4.7%), BlueChip Fund (3.3%), and Growth Company Fund (2.6%). All of these funds manage anywhere between $100 billion to $150 billion in assets. # Andressen Horowitz - The firm had led a Series J funding round in January 2023 at a valuation of $137 billion. In the next three years, that stake is now swelled 12x in value, in-line with the valuation expansion. # ARK Invest - Cathie Wood's firm was also one of SpaceX's backers, having started investments since late-2023. SpaceX is now the largest holding in the ARK Venture Fund at 17.02%. Since the initial investment, the valuations of SpaceX have gone up by 730%. # Ontario Teachers Pension Plan - Having invested around $200 million in 2019 through its latest investment vehicle, Ontario Teachers' Pension Plan is now sitting on a $11.6 billion windfall, and the SpaceX investment comprises nearly 4% of its $279 billion AUM. # Washington University - The first investment made by them was over a decade ago in 2016-17 and was worth $50 million. Today, that investment is over 10% of the total endowment of around $17 billion, making it among the largest concentrated positions for any university. Before the stock begins to trade, brokerages such as Oppenheimer have initiated coverage on SpaceX with an "outperform" rating and a price target of $190 over the next 12-18 months, stating that the company's diversified portfolio makes it attractive for investors. New Street Research has also initiated coverage on SpaceX with a target of $165, stating that it views xAI as a $575 billion business. * With the SpaceX Listing, Elon Musk will become the first trillionaire on the planet. His stake in SpaceX is worth $866.5 billion, along with Tesla's stake which is worth $320 billion. Musk also controls 82% of the voting power at SpaceX.