By Isla Binnie and Manya Saini

NEW YORK, April 30 (Reuters) - Blue Owl ‌sold about half its investment in ‌SpaceX at a $1.25 trillion valuation, the alternative asset manager's ​co-CEO Marc Lipschultz said on Thursday.

"Specifically at SpaceX... we made about 10 (times) our money on that investment," Lipschultz said on a ‌conference call ⁠with analysts. "We've sold about half of it at a $1.25 trillion valuation, ⁠still holding about half of it."

SpaceX is expected to go public later this year ​at a ​possible valuation of $1.75 ​trillion, raising about $75 ‌billion in what would be the largest public listing on record. The deal could put founder and CEO Elon Musk on track to become the world's first trillionaire.

New ‌York-based Blue Owl was ​one of SpaceX's earliest ​lenders and ​eventually made an equity investment, ‌Lipschultz added.

Blue Owl bought stock ​in two ​classes of shares in SpaceX in 2021, a 2025 securities filing shows.

(Reporting ​by Isla ‌Binnie in New York and Manya ​Saini in Bengaluru, editing by Echo ​Wang and Chizu Nomiyama)