SpaceX Investor 137 Ventures Sees Stake Top 1%, Pass $10 Billion

137 Ventures, a repeat investor in Elon Musk’s SpaceX, now owns more than 1% of the company with a stake in excess of $10 billion.

“At this point we own well over I think $10 billion dollars” of SpaceX shares, the firms founder and Managing Partner Justin Fishner-Wolfson said in an interview on Bloomberg Television on Thursday. “It is a pretty big position for us and we had a lot of conviction in that business over the last 15, 16 years.”

Some of the firm’s earlier investments in closely held SpaceX have generated returns of up to ...