First filings · SpaceX
Alphabet owns $94 billion of SpaceX, and has never had to say so before
SpaceX listed on 12 June 2026. The quarter ended eighteen days later, which means the Q2 filings are the first public record of who owns it. The largest institutional holder is Google's parent company.
HolderBook · from Q2 2026 Form 13F filings, period ending 30 June 2026
A Form 13F reports only listed US securities. For as long as SpaceX was private it appeared on nobody's, however much of it they owned. The listing on 12 June 2026 changed that, and because the quarter ended on 30 June, the filings due in August captured the register after eighteen days of public trading.
Institutions reported $655.8 billion across 1,786 managers, at an implied $170.86 a share on the agreement of 2,289 filers. Of that total, $34.4 billion sits in derivative lines rather than shares.
The largest holder is a search company
Alphabet reported 551,189,500 shares, worth $94.2 billion at quarter end. No asset manager comes close.
This is not new money. Google invested in SpaceX in January 2015, alongside Fidelity, in a round widely reported at the time as around $1 billion for roughly a tenth of the company. What is new is that the number is now on a form. A private holding is disclosed when the holder chooses; a listed one is disclosed every quarter whether they like it or not.
NVIDIA reported $21.0 billion. That is the second operating company near the top of this register, and between them they hold more SpaceX than any institution except the founding investors.
Most of the top of the list is not really a portfolio
Read the top twenty by value and something looks strange: several managers have almost their entire reported book in one security.
| Holder | Value | Share of their 13F | Positions they report |
|---|---|---|---|
| Alphabet Inc. | $94,176m | 95.1% | 28 |
| Valor Management LLC | $86,013m | 99.8% | 5 |
| FMR LLC (Fidelity) | $51,655m | 2.2% | many |
| VY Capital Management | $46,442m | 98.9% | few |
| Gigafund Management | $29,358m | 99.8% | 2 |
| Public Investment Fund | $26,338m | 69.5% | few |
| BAMCO (Baron) | $24,907m | 37.4% | many |
| D1 Capital Partners | $21,536m | 61.9% | many |
| NVIDIA Corp | $20,976m | 33.1% | 8 |
Share of their 13F is this position as a percentage of everything that filer reported for the quarter.
Valor Management reports five positions and 99.8% of their value is SpaceX. Gigafund reports two. These are venture investors whose holdings are almost entirely private, and a 13F sees only the listed part. The percentage is not a measure of conviction. It is a measure of how little else they own that the form can see.
Alphabet is a partial exception worth noting. It reports 28 positions, so it is not a single-line filer, but the other 27 come to roughly $4.9 billion against $94.2 billion in this one name.
Who actually chose to buy it
Strip out the pre-IPO holders and the picture changes. These are diversified managers for whom SpaceX is a real position rather than the only thing on the form:
| Holder | Value | Share of their 13F |
|---|---|---|
| FMR LLC (Fidelity) | $51,655m | 2.2% |
| BAMCO (Baron Capital) | $24,907m | 37.4% |
| NVIDIA Corp | $20,976m | 33.1% |
| Baillie Gifford | $8,782m | 8.0% |
| Atreides Management | $4,670m | 32.6% |
| Mirae Asset Global Investments | $4,452m | 6.6% |
| Brookfield Corp | $3,275m | 4.3% |
| Coatue Management | $3,171m | 6.5% |
| Blackstone Inc. | $2,654m | 8.1% |
| Teacher Retirement System of Texas | $2,556m | 6.9% |
| Temasek Holdings | $1,680m | 4.5% |
| Hancock Prospecting Pty Ltd | $1,367m | 23.9% |
Fidelity is the largest genuinely diversified holder: $51.7 billion, and 2.2% of what it reports. It was also in the 2015 round.
The one that does not belong in any obvious category is Hancock Prospecting, Gina Rinehart's Australian iron ore company. It reports 42 positions worth $5.7 billion, and $1.4 billion of that is SpaceX, close to a quarter of the book. A mining company is not who you expect to find here.
The Public Investment Fund of Saudi Arabia reported $26.3 billion, and Ontario Teachers' Pension Plan $8.7 billion. Sovereign and public pension money arrived early and in size.
The options desks
Two names in the top twenty hold almost nothing in shares. Jane Street reported $9.7 billion of which 99% is derivative lines, against 584,615 actual shares. Citadel reported $6.5 billion, 73% derivatives.
A 13F reports a call option as a position in the underlying security, so a market maker with a large options book appears alongside investors who own stock. Adding the two together, as most summaries of institutional ownership do, overstates how much of a company institutions actually hold. On this register it is $34.4 billion of the $655.8 billion.
What eighteen days does and does not tell you
This is the first quarter in which SpaceX could appear on a 13F, and it appeared for eighteen days of it. Index funds were largely absent, because index inclusion follows listing by some months. The register in the December filings will look different, and the difference will be the more interesting number: who bought after the first enthusiasm, and who left.
Nor does a 13F say what anything cost. The value is the position's worth on 30 June, not the price paid, so nothing here is a return. A holder from 2015 and a buyer from 19 June report identically.
Holder counts, values and share counts are from Form 13F filings as reported, corrected for amendments. The implied price is the median value-per-share across all filers reporting the security, not licensed market data. Positions reported as derivatives are identified separately and shown as such. The 2015 investment round is as reported at the time and is not from SEC filings. Not investment advice.