More than a dozen family offices held a total of at least $3.8 billion in Space Exploration Technologies Corp. (SpaceX) through the first half of 2026, according to filings compiled by Bloomberg from 13F regulatory filings. A family office for Hyatt Hotels heir Nick Pritzker held a $1.8 billion investment at the end of June in the rocket, satellite and artificial intelligence company founded by Elon Musk. Investment firms for ultra-wealthy individuals from the Americas, Europe and the Middle East have built up billions of dollars of exposure to SpaceX, highlighting their ability to muscle in on sought-after business opportunities.
Michael Platt's BlueCrest Capital and Brazil's Moreira Salles finance dynasty both disclosed stakes exceeding $100 million, while an investment firm for Abu Dhabi ruler Sheikh Mohamed bin Zayed Al Nahyan revealed an almost $65 million holding in the Texas-based company. Australia's richest person, Gina Rinehart, made a $1.4 billion investment through her Hancock Prospecting Pty Ltd., representing the biggest single position of her US-listed stocks portfolio. Other notable investors include David Thomson, a scion from one of the world's biggest media fortunes, who held an almost $1 million stake through his private investment firm.
The company began trading on June 12 after forging a reputation as one of the world's hottest startups, with demand for its $75 billion IPO more than four times the available shares. The listing was the largest in history, more than double the size of Saudi Aramco's $29.4 billion offering almost a decade ago, and vaulted Musk into the world's first trillionaire. The stock soared in the first days of trading before shedding more than $1 trillion in market value through early August, though a lockup expiration this month for shareholders to cut their stakes was supposed to be another hazard for SpaceX's share price but turned out to be a blip.
Family offices, the typically secretive money managers for the ultra-wealthy, have boomed in number over the past two decades amid surging fortunes across tech, finance and healthcare. Since they usually serve a single or small client group, the firms can generally be nimbler and take more long-term investments than institutional investors, leading to businesses often courting them for funding. Their deep pools of capital can help them gain access to coveted transactions like SpaceX's IPO, though they could have acquired stakes in the company earlier. Some of the investors, including Pritzker's Tao Capital and the Moreira Salles dynasty behind one of Brazil's biggest banks, are also investors in Tesla Inc., the other listed part of Musk's business empire.
