Space Exploration Technologies Corp. (NASDAQ:SPCX) shares are trading higher and above their IPO price after a fresh batch of 13F filings showed several major institutions holding multibillion-dollar positions in the company.
- SpaceX shares are powering higher. Why are SPCX shares rallying?
Google Discloses A $94 Billion Stake in SpaceX
Alphabet Inc (NASDAQ:GOOGL) topped the list of disclosed holders by a wide margin, reporting ownership of approximately 551 million SpaceX shares worth close to $94 billion in an Aug. 7 filing.
Nvidia Corp (NASDAQ:NVDA) reported holding roughly 122.76 million shares worth close to $21 billion, a stake linked back to the chipmaker’s prior investment in xAI. Advanced Micro Devices Inc (NASDAQ:AMD) also appeared as a SpaceX shareholder for the first time, listing a $565.5 million position in a filing submitted Aug. 14.
Harvard, Citadel and Other Major Investors Reveal SpaceX Stakes
Beyond the tech sector, a broad range of institutions also emerged as SpaceX backers in this filing cycle. Harvard’s endowment manager reported a $2.2 billion SpaceX stake, its biggest publicly disclosed equity position of any kind.
No investor concentrated its bet quite like Atreides Management did. SpaceX alone accounts for roughly 42% of the hedge fund’s holdings, a stake worth $4.67 billion as of quarter-end. Elsewhere, Fidelity Investments reported owning 302.6 million shares, Gigafund Management listed 171.8 million and BlackRock disclosed close to 51 million shares. Saudi Arabia’s sovereign wealth fund reported a 154.1 million-share position worth about $26.3 billion.
Separately from Google’s own lockup terms, SpaceX’s broader share-unlock timeline is rolling out gradually rather than in one release. Roughly 912 million shares held by other early backers and employees became tradable on Aug. 6, with an additional 319 million shares due to unlock Aug. 20, Barron’s reported.
SPCX Shares Are Climbing
SPCX Price Action: SpaceX shares were up 4.17% at $145.84 at the time of publication on Monday, according to Benzinga Pro.
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