Who owns SpaceX now: 1,752 funds had to say — and one of them is 83% SpaceX

Figures below come from Q2 2026 Form 13F-HR filings (reporting period June 30, 2026). Holder counts are from EDGAR full-text search on SpaceX's CUSIP 84615Q103; position values come from our own parsed 13F store covering the complete deadline-day flood (1,749 Q2 filings), with 49 filings excluded for obvious value-scaling errors (implied share price more than 3x away from the $171 filed median). Updated August 17: the original deadline-night version used a partial dataset (~43% of holders processed) and overstated Alphabet's share of institutional ownership — see the correction in the whale section. Research, not investment advice.

On Monday we wrote that Friday, August 14 was the 13F deadline for Q2 — the first quarter in which every fund that owns SpaceX ($SPCX) as a public stock would have to say so in a filing — and promised we'd be reading those filings the day they landed. It's Friday night. Here is the census.

The headline numbers

Between July 1 and the deadline, 9,217 institutional managers filed Q2 13F-HRs. 1,752 of them — 19% — report a SpaceX position, identified by the stock's CUSIP in the filed information tables. On deadline day alone, 1,835 managers filed, 298 of them SpaceX holders.

Across the complete census (1,650 holders after cleaning), the aggregate institutional SpaceX stake beyond Alphabet is 2.79 billion shares worth $476 billion at the filed June 30 marks — a remarkably consistent implied ~$171 per share across more than a thousand independent filings. Total disclosed 13F ownership including Alphabet: roughly $570 billion.

And then there is the whale — with a correction we owe you. Alphabet ($GOOGL) disclosed 551,189,500 shares worth $94.18 billion (accession 0001652044-26-000073) — the 2015 private investment, now marked to market in a filed document, and still the largest single holder by a wide margin. But the deadline-night version of this piece, working from a partially processed dataset, claimed Alphabet's stake was multiples of everyone else's combined and that the remaining filings would not change that sentence. They did. With the full flood parsed, Alphabet's $94B is about 17% of total disclosed ownership — one fifth of what the other ~1,650 institutions hold together ($476B). The correct headline is not "Google owns most of it"; it is that a very deep institutional bench owns SpaceX, with Google at the front of it.

The census says: everyone owns a little, almost nobody bets

One fund in five holding a newly public stock sounds like conviction, and the full census shows both truths at once. The median SpaceX position is still just 0.06% of the holder's book — a token, a placeholder. But the conviction tail is far heavier than the partial data suggested: 153 funds gave SpaceX more than 1% of their book, 74 more than 4%, and 46 funds hold more than a fifth of their entire reported book in the stock. The top ten non-Alphabet holders account for 67% of non-Alphabet value; the other ~1,640 split the rest.

The top of the register reads like a history of SpaceX's private cap table made public:

Valor Management — $86.0 billion (503.4M shares). Antonio Gracias's firm, SpaceX's longest-standing institutional backer, filed the largest position after Alphabet. Fidelity (FMR) follows at $51.7B, then Gigafund ($29.4B), Saudi Arabia's Public Investment Fund ($26.3B), Baron (BAMCO) ($24.9B), D1 Capital ($21.5B) — and, remarkably, NVIDIA itself, whose corporate 13F discloses a $21.0 billion SpaceX position — followed by Sequoia (SC US) ($20.9B), Capricorn ($20.6B) and Darsana ($17.3B).

Cannae Holdings ($CNNE) — the purest bet in the entire filing set. Cannae's Q2 13F (accession 0001704720-26-000136, filed July 14) lists exactly two positions: 649,350 shares of SpaceX worth $111 million, and a stake in Alight. SpaceX is 83.0% of the filed book. Bill Foley's holding company didn't add SpaceX to a portfolio; it made SpaceX the portfolio.

Below the mega-positions, the breadth is institutional-mainstream: Jennison, MFS, Swedbank, Citigroup, Sumitomo Mitsui Trust, Daiwa and hundreds of others hold SpaceX at under 1% of book — real money, carefully sized — while 46 funds at the other extreme made it more than a fifth of everything they report.

Why every position here is "new"

Q1 books closed March 31, before SpaceX listed — so Q2 is the first quarter the stock could appear on any 13F, and every one of these 1,752 positions is a first-time disclosure. What 13Fs can't show is how each fund got there: IPO allocation, open-market buying, or — Alphabet's route — a private stake that converted at listing. The filings disclose the what, not the when; within-quarter timing isn't in the form.

What the census misses

Form 13F covers long US-listed positions at managers above $100 million — not insiders, not employees, not private holders who never converted, not smaller or purely foreign funds. This census is the floor of SpaceX ownership, not the ceiling. It also isn't finished: EDGAR accepted filings until 02:00 UTC after the deadline, data providers will spend the weekend parsing Friday's 1,835-filing flood, and we'll refresh the numbers as the tail processes.

The scoreboard, kept honest

The viral version of this story was a screenshot: "everyone is buying SpaceX." The filed version is more interesting. Alphabet is the largest single owner, but the institutional bench behind it is five times deeper than Google's stake. About 1,650 institutions own a sliver each — the median sliver rounding to six basis points. And the conviction tail is real: 74 funds above 4% of book, 46 above 20% — one of them, Cannae, with 83 cents of every filed dollar.

If SpaceX is in your book, the ownership table isn't the number to watch — the Q2 8-K's numbers are: Starlink subscriber growth and the AI segment's margin. Those are the kind of filed claims our Thesis Monitor checks against every new SEC filing automatically, so the next 10-Q tells you whether your thesis survived before the screenshots do.

Research, not investment advice.