5 Billionaires Purchase SpaceX Stock (SPCX)
Elon Musk-led company SpaceX (NASDAQ: SPCX) had a historic stock IPO launch in June that sent his net worth soaring above $1 trillion. It was priced at $150 on its debut day but dipped below the launch price in July. SPCX is still below $150, as it opened Monday’s trading session hovering at the $140 level. The market has displayed mixed reactions to the equity as its price is experiencing high volatility.
On the heels of the recent grind, the latest 13F quarterly SEC filing sheds light that 5 billionaires have bet big on SpaceX stock. The rich list is focused on space exploration and expects it to be the next frontier. The company currently dominates the satellite communications sphere, with Amazon conceptualizing a similar idea. While the competition could take years to form, the Elon Musk-led company currently enjoys a monopoly in the sector.
Also Read: Warren Buffett & Stanley Druckenmiller Further Accumulate Google Stock
SpaceX Stock: SEC Data Shows 5 Billionaires Hold SPCX
Antonio Gracias, founder of Valor Equity Partners, reported owning 503.4 million shares of SPCX. This represents around 6.5% of the company’s portfolio, making it one of the largest outside holdings disclosed after the IPO. Gracias is also a board member of SpaceX and has been backing the company for a long time. His SpaceX stock holdings are currently worth a whopping $86 billion.
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