SEC Filings Just Revealed the Smart Money Is Overweight SpaceX. Should You Buy It Now?
Space Exploration Technologies (SPCX) went public in mid-June, raising $86 billion and valuing the company at approximately $1.77 trillion. Institutional investors, mandated to disclose stakes in the company on their quarterly 13F filings, revealed that 1,932 13F filings included $611 billion in holdings of SpaceX shares. Alphabet, Fidelity Investments, and Valor Management were among the early investors, with significant stakes in the company.
While there is an indication that smart money is overweight in SpaceX relative to the market, the actions of large institutional investors remain a key data point for investors to consider.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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