BRC Group Holdings Updates SpaceX Carried Interest: Gross $84.2M, Net $70.4M
BRC Group Holdings, Inc. provided an update on its indirect economic interest in Space Exploration Technologies Corp. (SpaceX) following SpaceX's initial public offering on June 12, 2026. The company's subsidiaries hold carried interest in special purpose vehicles (SPVs) that facilitated client investments totaling approximately $233 million in SpaceX between 2018 and 2021. Based on SpaceX's closing price of $160.95 per share on June 12, 2026, the gross carried interest is estimated at $84.2 million, with expected net proceeds of approximately $70.4 million. These figures are preliminary, unaudited, and subject to market volatility, lock-up restrictions, and other factors, meaning the ultimately realized value could be materially less.
Key Highlights
- BRC Group Holdings updated its indirect economic interest in SpaceX following its IPO on June 12, 2026.
- Clients invested approximately $233 million into SpaceX special purpose vehicles (SPVs) between 2018 and 2021.
- Gross aggregate value of BRC's carried interest in the SPVs was approximately $84.2 million.
- Expected net proceeds from the carried interest were approximately $70.4 million, after estimated expenses and adjustments.
- SpaceX's closing share price on June 12, 2026, was $160.95 per share.
- A $5.00 change in SpaceX's share price would result in an estimated $2.3 million change in net carried interest.
- All amounts are preliminary, unaudited, and subject to customary IPO lock-up restrictions expiring in stages.
Price Impact
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