Institutional Investors Are Overweight on SpaceX, According to SEC Filings
SpaceX (SPCX) went public in mid-June and raised $86 billion, valuing the company at approximately $1.77 trillion. Institutional investors are now required to disclose their stakes via quarterly Form 13F filings, revealing that SpaceX is widely held among hedge funds, mutual funds, pension funds, and early investors like Alphabet, Fidelity Investments, and Valor Management. The largest institutional holders include Alphabet and Fidelity, both of which invested $1 billion in the company back in 2015. These three major shareholders alone hold about $232 billion worth of SpaceX stock as of June's end. However, it remains unclear whether this ownership reflects confidence or a form of job protection for fund managers. Retail investors are left waiting to see how institutional sentiment evolves after the IPO and lockup expirations begin releasing shares into the market in stages.
Topics: 13F filings institutional ownership IPO SpaceX