Rupert Murdoch's estranged son is set to make more from his SpaceX investment than he gained from his father's empire

The article says James Murdoch could make far more from his early SpaceX stake than from years inside Rupert Murdoch’s media empire. Fortune, citing Pitchbook estimates, says his roughly $120 million invested across three SpaceX stock tranches could now be worth about $6.5 billion to $7.4 billion, though the exact outcome is unconfirmed. The piece also notes Murdoch’s history with Tesla, where trust-held share sales have generated substantial gains, and recalls that he earned about $2.2 billion from the Disney acquisition of 21st Century Fox. Separately, the article discusses new Subversive Capital ETFs designed to exclude Elon Musk-linked companies, reflecting investor demand to avoid Tesla and SpaceX exposure. Overall, the market takeaway is that SpaceX’s IPO has created enormous paper wealth for early backers while also spawning thematic ETFs that let investors sidestep Musk-linked names.