Key points
- Saudi Arabia's PIF disclosed 154,146,835 shares of SpaceX (SPCX) in its Q2 2026 13F, valued at $26.3B on June 30.
- That one position is about 70% of PIF's entire US-listed stock portfolio, its largest holding, ahead of Uber (UBER).
- A 13F only lists US-listed stocks. Against PIF's $900B+ fund, SpaceX is a big bet, not 70% of everything.
- Valued near $171 on June 30, SPCX now trades close to $140, so the stake is worth about $21.5B today.
Saudi Arabia's Public Investment Fund (PIF) filed a 13F with the SEC on Friday, and one line does almost all the work. As of June 30, the sovereign wealth fund chaired by Crown Prince Mohammed bin Salman held 154,146,835 shares of SpaceX (SPCX), valued at $26.3 billion. It's the first time SpaceX shows up in the fund's US stock holdings, and it landed as the largest position by far.
The concentration is what made me read it twice. PIF's US-listed stock portfolio holds just five companies, and SpaceX is about 70 percent of the whole thing. The fund lists the shares under their filing category, "Class A common stock," the stock SpaceX created when it went public on June 12. Uber (UBER), long PIF's top US holding, is now a distant second.
The rest of the book is small next to it.
| Company | Value (Jun 30) | Share of US book |
|---|---|---|
| SpaceX (SPCX) | $26.3B | 69.5% |
| Uber (UBER) | $5.26B | 13.9% |
| Electronic Arts (EA) | $5.09B | 13.4% |
| Lucid Group (LCID) | $1.18B | 3.1% |
| Claritev | $44M | 0.1% |
Now the number that keeps this in proportion. A 13F only lists the US-listed stocks a manager holds, so this "portfolio" is just the American-equities slice of PIF. The fund itself runs more than $900 billion across private companies, foreign shares, real estate, and cash. SpaceX is about 70 percent of PIF's US stock picks, not 70 percent of Saudi Arabia's wealth fund. We lay out what the form does and doesn't capture in our guide to 13F filings.
Most of those shares predate the IPO. Reuters reported before the IPO that PIF already owned just under 1 percent of SpaceX privately and had discussed an anchor investment of about $5 billion in the offering. That private stake only became a reportable 13F line when SpaceX listed. So most of the $26 billion is a long-held position showing up at public prices for the first time, not a single quarter's purchase. The filing can't separate the old shares from any new ones.
A few things the 13F still can't tell you. It doesn't say why PIF holds it, and it's a snapshot valued at the June 30 close, near $171 a share. SPCX trades closer to $140 now, so the position is worth about $21.5 billion today, and the filing is silent on what the fund has done in the six weeks since. What it does show is scale. 154 million shares is about 1.2 percent of every SpaceX share outstanding, and a much larger slice of the stock that trades freely, since most of the company is still held by insiders and early backers.
PIF isn't alone in wanting the name. Cathie Wood's ARK was buying SpaceX during the selloff too, in far smaller size. If you want to follow filings like this one as they land, here's how we track fund and insider trades.
Sources: Public Investment Fund Form 13F-HR information table (filed Aug 14, 2026) and Reuters via Investing.com on the PIF anchor talks.
