Investing in tech is paying off for 2 Chainz.
The rapper and businessman appeared on the “Earn Your Leisure” podcast and confirmed he was an early investor in SpaceX, a company that designs, manufactures, and launches reliable and reusable rockets and spacecraft, according to its website. It was founded by Elon Musk in 2002, and made history as the first private company to send humans to the International Space Station in 2020, according to TechCrunch.
2 Chainz’s gateway to investing in the tech company came from people working in private equity (PE).
“I know some PE guys that, when it came across their desk, they would give me the opportunity. With investments, I gambled … You know, the whole thing is you’re just trying to come up with some multiples. I got in with SpaceX very early … It felt like I got in like early bitcoin… That’s a good one, but it hadn’t IPO’d yet,” he said.
He told “Earn Your Leisure” hosts Troy Millings and Rashad Bilal that his SpaceX investment was one of his best.
“You can’t wait for that IPO, huh,” Millings asked.
SpaceX could be filing for initial public offering (IPO) this week, according to Reuters. The company is aiming to raise more than $75 billion in the IPO, according to predictions from advisers. The company could also be seeking a $1.75 trillion valuation, Investor’s Business Daily reports.
This potential update arrives after SpaceX’s merger with Musk’s AI startup called xAI, which placed SpaceX valuation at $1 trillion and xAI at $250, according to Reuters.
In addition to identifying SpaceX as one of his best investments, 2 Chainz named artificial intelligence company Anthropic and sustainable bottled water company ZenWater.
2 Chainz’s net worth is currently projected at $12 milliion, as reported by Celebrity Net Worth.
