SpaceX, OpenAI Drive 20% Gain in Blackstone Fund for the Wealthy

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Blackstone Inc.'s private equity fund for wealthy individuals saw a significant 20% net gain last year, partly due to strategic investments in artificial intelligence companies. The fund holds stakes in major players like Elon Musk’s SpaceX, Anthropic, and OpenAI, with its Anthropic stake recently increasing to approximately $1 billion. These AI investments are distinct from the firm’s institutional portfolios.

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