Saudi Public Investment Fund holds $23B in SpaceX shares, making it 69.5% of disclosed portfolio

Saudi Arabia’s Public Investment Fund has parked roughly $26.3 billion in SpaceX stock, according to a newly disclosed 13F filing with the SEC. The fund holds approximately 154.15 million Class A shares in the rocket and satellite company, a position so large it accounts for 69.5% of PIF’s total disclosed US equity holdings. The numbers behind the bet PIF’s SpaceX position, valued at roughly $26.3 billion as of June 30, 2026, makes the Saudi fund one of the company’s largest institutional shareholders. It trails major holders like Alphabet but sits comfortably in the upper tier of SpaceX’s investor base. The filing lands a few months after SpaceX completed what was, by any measure, a landmark public offering. The company’s IPO in June 2026 raised a record $75 billion at a share price of $135, implying a total valuation near $1.77 trillion. PIF wasn’t a newcomer to SpaceX’s cap table. Before the IPO, the fund held a pre-existing stake of less than 1%. It had also been in discussions about deploying as much as $5 billion as an anchor investment during the IPO process, a move designed to protect its existing position from dilution as new shares flooded the market. Vision 2030 meets or...