Zaid Admani

These funds don't own liquid stocks or bonds that you can dump in two seconds.

These funds mostly hold loans to private companies that aren't very liquid and easy to sell.

And that's why Blue Owl actually caps the redemption at 5%.

So investors asking to withdraw their money won't be getting all their money back right now.

And that's kind of making the sentiment around private credit even worse.

We talked about it earlier this week.

And it's not helping Blue Owl stock, which is down more than 40% this year and down more than 6% this morning in reaction to this news.

Let's wrap the show with a fun fact.

Humans are currently on their way to take a trip around the moon for the first time in over 50 years.

Yesterday, NASA launched Artemis II, sending four astronauts on a 10-day mission around the moon and back.

Now, this is a pretty big deal because this is the first time that humans have traveled beyond the low Earth orbit since 1972.

It's kind of crazy to think about.

We've sent rovers to Mars, telescopes to the edge of the universe, but we haven't sent humans to the moon in half a century.

Now, since this is a finance podcast, we have to talk about the money angle here.

The Artemis program launched in 2017.

It's NASA's plan to send people back to the moon, and it's already cost an estimated $93 billion since it started.

Boeing made the rocket for the launch, while Lockheed Martin made the capsule, and each one of these launches cost about $4 billion.

Now, this Artemis II mission is kind of like a test mission, and NASA plans to actually land humans on the moon with the next Artemis mission in the next couple of years.

So yeah, a lot of space talk on today's episode.

We're sending humans back to the moon and SpaceX IPO'd on the same day.