Shares of Blue Owl , the private credit firm at the center of recent jitters over exposure to software companies, jumped 10% in trading Thursday after executives disclosed sizable gains tied to SpaceX. "We made about 10 times our money on that investment," an executive said on the firm's first-quarter earnings call. Blue Owl has already sold roughly half its position at a $1.25 trillion valuation and continues to hold the remainder, he said. The call was hosted by Marc Lipschultz, co-chief