[Vy Capital Discloses $40 Billion Stake in SpaceX, Becoming Fifth-Largest Shareholder] BlockBeats News, September 13, according to a report by the *Financial Times*, the low-profile venture capital firm Vy Capital currently holds approximately $40 billion worth of SpaceX shares, representing about 3.4% ownership. According to Bloomberg data, the firm has become the fifth-largest shareholder in SpaceX, surpassing Silicon Valley venture capital firms such as Sequoia Capital and Andreessen Horowitz in disclosed holdings. Vy Capital first invested in SpaceX in 2016, when the company was valued at approximately $15 billion. Following SpaceX's listing this year at a valuation of around $1.75 trillion, the value of its holdings has grown significantly. Vy Capital is also the largest external investor in Elon Musk's tunnel company, The Boring Company, and his brain-machine interface company, Neuralink. Additionally, it committed $700 million to Musk's acquisition of Twitter in 2022. The firm's head, John Hering, has a close relationship with Musk. Shortly after the Falcon 9 rocket failure in 2016, Hering invested over $100 million in SpaceX. Since 2019, he has also been involved in the early development of Starlink, including recruiting personnel and building financial models, and has even held a SpaceX employee badge. Currently, Hering serves as a director at The Boring Company, and Vy Capital participated in the company's recent $3 billion funding round. Vy Capital's assets under management have grown from $27 billion at the end of last year to $50 billion as of June this year. In a letter to investors, the firm stated that since its founding in 2014, its total internal rate of return has been 41%, and it has distributed $4.6 billion to investors. Vy Capital predicts that if its investment thesis holds true, SpaceX's valuation could exceed $10 trillion in the next 5 to 7 years. The firm currently has only a few dozen employees, with its core investment team consisting of just four people, and it stopped accepting external investors last year. [Original Link]