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Live Terminal
Economy · Full coverage

Israeli Investors Reap Paper Gains From SpaceX IPO Through StepStone Fund

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Center 1Unrated 1

By אלמוג עזר, כלכליסט

First reported by Calcalist · Jun 24, 2026

What happened

StepStone VC Secondary Fund, sold in Israel to qualified investors, made large paper gains from SpaceX’s IPO. The Israeli slice of its SpaceX exposure was estimated at $3 million, rising to $18 million after the company was valued at $2.4 trillion.

  • 01StepStone VC Secondary Fund was marketed in Israel to qualified investors.
  • 02The fund built SpaceX exposure through direct and secondary purchases before the IPO.
  • 03Its SpaceX exposure reached $400 million, or 10% of assets under management.
  • 04Israeli money in the fund rose from $3 million to $18 million, a $15 million paper gain.
  • 05The fund was distributed in Israel by Lider Private Equity and raised $30 million in 2024.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story
People
Elon Musk
OrganizationsSpaceX, StepStone VC Secondary Fund, Lider Private Equity, Calcalist
PlacesIsrael

Full coverage · 2 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

YnetCenter · HebrewJun 24, 2026
Israeli Investors Reap Paper Gains From SpaceX IPO Through StepStone Fund
CalcalistUnrated · HebrewJun 24, 2026
Israeli Investors Gain Paper Profits of $15 Million From SpaceX Listing

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