“What was the valuation when you first invested in 2019 at the previous job? $35 billion.”

The Master Investor Podcast with Wilfred Frost · Picking Private Market Winners: Maggie Fanari on SpaceX, Anthropic & Stripe

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What was described

invested in SpaceX in 2019 at a $35 billion valuation, later built a position at a $200 billion range and achieved more than 4× return

$35 billion valuation, $200 billion range, >4× return

Said nearby on the same subject

“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
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Said on Slate Money
Hard number $2 billion Share this moment
“We invested last year in Anthropic in second half of 2025, really in that September round with our initial valuation starting at $170 billion.”
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Said on The Master Investor Podcast with Wilfred Frost
Business model $170 billion valuation, revenue growth 10x-16x, cash-flow positive Share this moment
“That's a $175 billion valuation… only two big producers… they have a big partnership with Blue Origin… valuation is super cheap”
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Said on Monetary Matters with Jack Farley
Why it worked $175 B valuation Share this moment
“We have improved the budget position over the last four years by around $230 billion… gross debt in 2025-26 was $197.6 billion… saving around $70 billion in interest costs.”
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Said on Australian Parliament: House of Representatives
Why it worked $230 billion improvement, gross debt $197.6 billion in 2025-26, $70 bi… Share this moment

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