SEC Filings Just Revealed the Smart Money Is Overweight SpaceX. Should You Buy It Now?
Key PointsRecently released quarterly filings show large stakes in SpaceX among institutional investors.
Space Exploration Technologies (NASDAQ: SPCX), the subject of one of the most anticipated IPOs in recent times, made its debut in mid-June. The company raised a staggering $86 billion from its IPO and is now valued at approximately $1.77 trillion. As a publicly traded company, SpaceX is now subject to disclosure of any holdings by institutional investors on their quarterly 13F filings.
These filings, containing details of publicly traded U.S. stock positions held by institutions with over $100 million in assets, were submitted on August 14. This date provided a clear picture of which major institutional investors were overweight in SpaceX relative to the overall market.
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