A key SpaceX investor just closed $700 million in fresh funds. 137 Ventures says its SpaceX stake is now worth more than $10 billion. The move signals strong private demand right before the SpaceX IPO. The expected listing could value SpaceX at $1.75 trillion or more.
May 1, 2026
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137 Ventures announced the close of two new growth-stage funds yesterday. The total raise topped $700 million.
Total assets under management now sit above $15 billion. The firm says it has deployed more than $1 billion in the past year. That money went into defense, AI, and industrial systems companies.
Founder Justin Fishner-Wolfson said 137 Ventures now owns more than 1% of SpaceX. The stake is worth over $10 billion at current private market prices.
That makes 137 Ventures one of the larger non-insider holders. The firm has bought into nearly every major SpaceX tender round since 2017.
SpaceX filed confidentially for an IPO on April 1. The public S-1 hit the SEC tape yesterday. A $700 million raise from a top SpaceX backer right before the listing is a strong vote of confidence.
Big private fund closings like this often happen weeks before major IPOs. Insiders raise dry powder to follow on in the public market.
The public prospectus is expected between May 15 and May 22. The marketing roadshow starts the week of June 8. Pricing is targeted for June 17 to 18.
The base case valuation is $1.75 trillion. SpaceX targets a $75 billion raise. That would be the largest IPO in history.
CFO Bret Johnsen says up to 30% of shares will go to retail investors. That is roughly three times the normal retail allocation.
Watch for two things. First, more big private market trades and tender offers before the IPO. Second, any SEC review changes that could push the timeline.
Other late-stage backers will likely also raise side funds. That tells you who is bidding hard for SpaceX shares right now.
A $700 million raise from a top SpaceX investor is a clear bullish signal. Private money is staking out positions before retail can buy in.
The base case still points to a June 18 first trade. Retail buyers should know they are coming in after deep-pocketed insiders have already loaded up.