SpaceX (SPCX) Stock: Five Billionaires Holding Big After Record $86B IPO

TLDR

• SpaceX completed the largest IPO in history on June 12, raising $85.7 billion; SPCX last closed at $140
• Five billionaires including Peter Thiel, Antonio Gracias, and Gina Rinehart hold major stakes in SPCX
• SpaceX reported Q2 revenue of $7.8 billion, up 92% year over year
• Morgan Stanley has a Buy rating on SPCX with a 12-month price target of $300, implying 114% upside
• A second lockup expiration on August 20 could create short-term volatility as 319 million more shares become eligible for sale

SpaceX went public on June 12 in the largest IPO in history, raising $85.7 billion. SPCX closed its last session at $140, down from post-IPO highs but still up around 29% in August alone.

Space Exploration Technologies Corp., SPCX

New regulatory filings reveal that several of the world’s wealthiest investors are among the company’s biggest holders.

Antonio Gracias, founder of Valor Equity Partners and a long-time SpaceX board member, reported beneficial ownership of 503.4 million Class A shares as of June 30. That stake represents roughly 6.5% of outstanding Class A stock.

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