D1 Capital Partners

Hedge Fund Expects $20B from SpaceX IPO

Manager Magazin reports that D1 Capital (founded by Daniel Sundheim) could realize about $20 billion in proceeds from a planned SpaceX IPO expected June 12, 2026. D1 first invested in SpaceX in 2020 when the company was valued at roughly $36 billion; SpaceX's valuation has since risen (reported most recently at $1.25 trillion) and could reach $1.75 trillion after the IPO. The article cites Financial Times reporting and also highlights other early investors such as Darsana Capital Partners (founded by Anand Desai), which invested in 2019 and could hold roughly $15 billion in SpaceX shares at the higher valuation. The piece notes D1 manages about $35 billion in assets and that Sundheim previously told investors he did not plan to sell SpaceX shares.

Sigma Raises $80M Series E at $3B Valuation

Sigma, a warehouse-native AI apps and analytics platform, closed an $80 million Series E round at a $3 billion valuation on May 18, 2026. The round was led by new investor Princeville Capital with participation from Databricks Ventures, ServiceNow Ventures, Workday Ventures and other existing backers; JP Morgan acted as placement agent. Sigma reported surpassing $200 million ARR (April 2026), 2,000+ customers, 100%+ year-over-year growth in the latest fiscal year and 1.1 million+ new active users. The company highlighted recent product innovations including Sigma Agents, Sigma Assistant, data-modeling integrations for AI agents, and the Sigma MCP Server to deliver governed AI capabilities connected to cloud data platforms.

D1 Capital Bought Tech Stocks, Exited Meta Stake

D1 Capital, run by Daniel Sundheim, reallocated its portfolio in Q1 2026, adding to several major technology and AI-related stocks while exiting others. Regulatory filings show the hedge fund fully sold its stake in Meta (more than 376,000 shares, a position worth over $240 million), and also exited holdings in Synopsys and Arista Networks. The fund trimmed Spotify by about 14% but increased its Amazon position by more than 34%, making Amazon one of its top holdings (worth roughly $376.5 million). Sundheim expanded exposure to AI and semiconductor names — including Broadcom, Nvidia, Alphabet, ASML and Taiwan Semiconductor — and kept Instacart as the fund’s largest holding (about $845 million). The reporting cites regulatory filings and portfolio data from InsiderScore. The article was published May 15, 2026.