Justin Фишнер-Wolfson Prepares to Become Billionaire Through SpaceX Investment

Kathmandu. While Elon Musk's friends and SpaceX board members are preparing to become billionaires through the company's IPO, Justin Фишнер-Wolfson chose a different and quiet path. His greatest weapon was patience.

His company 137 Ventures first invested in SpaceX in 2011. At that time, the company's valuation was only 1 billion dollars. According to The New York Times, the company has not sold a single share of SpaceX since then.

Today, that stake has grown to more than 1 percent of SpaceX, worth approximately 20 billion dollars based on the company's 1.77 trillion dollar IPO valuation.

However, his belief in SpaceX was once on the verge of collapse at the launch site. In 2008, as a 26-year-old junior investor working at Peter Thiel's Founders Fund, Фишнер-Wolfson saw SpaceX's rocket explode within two minutes of launch.

At that time, his company had invested 20 million dollars in SpaceX. After the explosion, he asked the president of SpaceX, 'What will you do now?'

Her answer was, 'We will build another rocket and try again.' SpaceX did just that. And that 20 million dollar investment has now turned into billions of dollars in wealth. Фишнер-Wolfson says, 'Perhaps this decision will define my entire career.'