Balyasny Asset Management, based in Chicago and managing around $77 billion in assets, has revealed ownership of 3.4 million shares in SpaceX. This filing came shortly after SpaceX executed one of the largest IPOs in history, signaling investment strategies in the post-IPO aerospace sector.
At SpaceX’s IPO price of $135 per share, Balyasny’s stake would be valued at approximately $459 million, representing about 0.6% of their total assets under management. This allocation highlights the significant interest in SpaceX from large investment funds.
#What Happened During SpaceX's IPO?
SpaceX made its public debut on the Nasdaq on June 12, 2026, trading under the ticker SPCX at an initial price of $135. The stock saw an impressive surge of nearly 20% immediately, eventually reaching a peak around $226 before entering a phase of volatility.
Balyasny's disclosure does not clarify when the fund acquired its shares, whether during the IPO or afterward in the secondary market. Importantly, the cost basis remains undisclosed, preventing a clear understanding of the fund's profit or loss on the investment.
#What To Expect with Lockup Expiration?
An insider lockup expiration is anticipated in early August 2026. This event will allow millions of shares held by employees, early investors, and insiders to be sold on the open market.
With approximately $77 billion in assets under management as of the first quarter of 2026, Balyasny is well-positioned to navigate potential short-term market fluctuations. This capability could offer advantages over smaller players who may feel compelled to sell during downturns.