NEW YORK, April 30 (Reuters) - Blue Owl sold

about half its investment in SpaceX at a $1.25 trillion

valuation, the alternative asset manager's co-CEO Marc

Lipschultz said on Thursday.

"Specifically at SpaceX... we made about 10 (times) our

money on that investment," Lipschultz said on a conference call

with analysts. "We've sold about half of it at a $1.25 trillion

valuation, still holding about half of it."

SpaceX is expected to go public later this year at a

possible valuation of $1.75 trillion, raising about $75 billion

in what would be the largest public listing on record. The deal

could put founder and CEO Elon Musk on track to become the

world's first trillionaire.

New York-based Blue Owl was one of SpaceX's earliest lenders

and eventually made an equity investment, Lipschultz added.

Blue Owl bought stock in two classes of shares in SpaceX in

2021, a 2025 securities filing shows.