Thrive Capital’s SpaceX stake valued at $7.07 billion at end of September
Key Facts
Thrive Capital Management’s filing for the quarter ended September 30, 2026, showed the firm held 46,872,367 shares in SpaceX, with a reported value of $7.07 billion, according to Elix Stocks data based on filings with the U.S. Securities and Exchange Commission. The holding accounted for 92.10% of the total reported value of 13F investments, making SpaceX the dominant position in the investment schedule covered by the filing. The figures reflect the size of the position at the end of the reporting period and do not, by themselves, mean a purchase took place on the filing or announcement date. The filing showed a sharp increase in the number of shares from the previous quarter, with the holding rising from 18,914,205 shares on June 30 to 46,872,367 shares on September 30. The report therefore reveals an expanded position during the third quarter, alongside a high concentration in a single holding among reported 13F investments.
The SEC recorded that the reporting period ended on September 30, 2026, and that the open filing is Amendment No. 2, which restates the disclosure. This identifies the date of the holding reflected in the figures as the end of the third quarter, rather than a later date to which the increase in shares could be attributed. The open filing summary lists a total value of $557,439,158 in its information table, spread across 180 entries. That value applies to the information table in the summary of that filing and does not represent Thrive Capital’s total assets under management. The 92.10% figure in the holdings summary measures SpaceX’s share of the value of reported 13F investments, not of all the firm’s investment assets.
The figures put the firm in the context of SpaceX’s operating results for the same period. The Associated Press reported that the company made a profit of $4.4 billion in the three months through September, after posting a loss in the year-earlier period. Revenue was $14.6 billion, up 161% year over year, according to the news agency. The agency said profit was 35 cents per share and reflected a turnaround from the prior year’s loss. The results combine strong revenue growth with a shift to profitability in the third quarter, while the stake disclosure coincided with a period in which the company presented those figures. The holdings filing contains no explanation from Thrive Capital for the increase in shares or for allocating such a large share of its reported 13F investment value to SpaceX.
On spending, SpaceX’s capital expenditures reached $19.6 billion in the third quarter, nearly three times the level recorded a year earlier, according to the Associated Press. The company forecast spending would rise to between $35 billion and $40 billion in the fourth quarter, the news agency reported. That forecast is capital spending for a later period, not a figure recorded in the third quarter. The comparison between third-quarter profit and high capital expenditure highlights two aspects of the company’s performance during the period: improved financial results and continued investment on a broad scale. Thrive Capital’s filing records the number and value of shares at the end of September and does not cite a causal relationship between its holding and the company’s results or spending plans.
SpaceX shares rose 7.8% in the Wednesday, October 21, 2026, session after the company reported quarterly results that exceeded analysts’ expectations, according to the Associated Press. In EL7 data, the stock, under the ticker SPCX, closed at $139.94 on November 12, 2026. The closing price refers to the November session, while the reported holding valuation is for the end of September, so the November 12 share price is not the basis for determining the position’s value on the reporting date. The share move reported by the news agency came in an October session following the earnings announcement; it was not a market reaction to Thrive Capital’s holdings disclosure. SpaceX shares began trading under the ticker SPCX on June 12, 2026, after the company completed its initial public offering in June.
According to SpaceX investor relations data, the company issued 638,888,888 shares in its initial public offering and generated gross proceeds of about $85.7 billion. The shares began trading on June 12, while the company announced the offering’s completion in June 2026. This provides a timeline for a holding disclosed in the third-quarter filing after the stock began trading publicly. The figures of $7.07 billion and 46,872,367 shares remain tied to September 30, while the SEC filing specifies the reporting period and the type of amended filing. Among the next operating figures reported by the Associated Press was SpaceX’s forecast to spend between $35 billion and $40 billion in the fourth quarter of 2026.