Harvard, Nvidia Reveal Stakes At Space X

Key points:

• SpaceX shares pop over 4%
• Heavy hitters snap up stock

Big institutions are climbing aboard Elon Musk’s rocket company as billions of previously locked shares are approaching the launchpad.

🏦 Serious money boards the rocket

• SpaceX shares SPCX jumped 4.5% Monday to $146.23, pushing further above their $135 IPO price. Filings revealed positions held by major corporations, sovereign investors and university endowments.
• Harvard’s endowment disclosed nearly 13 million shares worth more than $2.2 billion, making SpaceX its largest reported US equity holding. Italy’s Intesa Sanpaolo revealed a $966 million position, while Fidelity, BlackRock, Baillie Gifford and Ontario Teachers collectively own hundreds of millions of shares.
• Norway’s $2.3 trillion sovereign wealth fund — the world’s largest — reported a 0.05% SpaceX stake worth $1.22 billion as of June 30. Diversification apparently now includes rockets, satellites and whatever Elon decides belongs in orbit next.

🤖 Tech giants hold monster positions

• Alphabet owns roughly 551 million SpaceX shares, recently valued near $77 billion, while Nvidia holds approximately 123 million worth around $17 billion. Nvidia’s position came through its xAI investment before Musk merged that business into SpaceX.
• Peter Thiel’s Founders Fund owns about 427 million shares, while longtime Musk ally Antonio Gracias holds more than 500 million. Elon Musk remains dominant with roughly 6.4 billion shares — about 48% of the company — which stay locked until June 2027.
• The institutional interest supports SpaceX’s sprawling thesis: reusable rockets, Starlink connectivity and an AI infrastructure business consuming exclusively Nvidia hardware.
• Second-quarter revenue nearly doubled to $7.8 billion, but AI capital spending reached almost $16 billion.

🔓 Billions of shares await clearance

• Another 319 million shares become eligible to trade August 20, following the 912 million unlocked earlier this month. More than 700 million unlock in September and over 650 million in October.
• By year-end, roughly 4.9 billion SpaceX shares could be available to trade, equivalent to about 70% of stock not owned by Musk. Even if only a fraction gets sold, the expanding float could pressure prices because early employees and investors finally gain access to liquidity.