Stack Capital Falls Despite Boost in Value of SpaceX Stake Post-IPO

Dow Jones

Yesterday

By Adriano Marchese

Stack Capital Group, which owned a small stake in SpaceX before it went public, traded lower even as the rocket maker's newly listed shares surged Friday.

Shares of Stack were 15% lower Friday at 25.02 Canadian dollars.

The small Canadian investment firm disclosed its SpaceX position in prior filings, including an additional $3 million in the second quarter of 2025 when the company's valuation was around $400 billion. The company invested a total of $8 million into SpaceX.

SpaceX on Friday launched its initial public offering, with the stock surging over 28% to $172.85, propelling its market capitalization to nearly $1.94 trillion--and bringing Stack Capital's stake along with it.

Stack's portfolio includes several other holdings. As of its first quarter, the firm reported in May a book value totaling C$227 million, with holdings in OpenAI, the artificial-intelligence company behind ChatGPT, as well as AI-focused data-center and energy infrastructure company Crusoe Energy, X-Energy, a nuclear-energy company, and tech-travel platform Hopper, according to its filings.

Stack's shares have risen firmly over the course of 2026, up about 62% year to date inclusive of Friday's decline. The stock has doubled over the last 52 weeks.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 12, 2026 14:35 ET (18:35 GMT)

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The stock has doubled over the last 52 weeks. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2026 14:35 ET (18:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4089","symbol_name":"非传统电信运营商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2643503297","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643503297","pubTimestamp":1781289300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Stack Capital Group, which owned a small stake in SpaceX before it went public, traded lower even as the rocket maker's newly listed shares surged Friday.Shares of Stack were 15% lower Friday at 25.02 Canadian dollars.The small Canadian investment firm disclosed its SpaceX position in prior filings, including an additional $3 million in the second quarter of 2025 when the company's valuation was around $400 billion. The company invested a total of $8 million into SpaceX.SpaceX on Friday launched its initial public offering, with the stock surging over 28% to $172.85, propelling its market capitalization to nearly $1.94 trillion--and bringing Stack Capital's stake along with it.Stack's portfolio includes several other holdings. 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The company invested a total of $8 million into SpaceX. \n\n\n  SpaceX on Friday launched its initial public offering, with the stock surging over 28% to $172.85, propelling its market capitalization to nearly $1.94 trillion--and bringing Stack Capital's stake along with it. \n\n\n  Stack's portfolio includes several other holdings. As of its first quarter, the firm reported in May a book value totaling C$227 million, with holdings in OpenAI, the artificial-intelligence company behind ChatGPT, as well as AI-focused data-center and energy infrastructure company Crusoe Energy, X-Energy, a nuclear-energy company, and tech-travel platform Hopper, according to its filings. \n\n\n  Stack's shares have risen firmly over the course of 2026, up about 62% year to date inclusive of Friday's decline. The stock has doubled over the last 52 weeks. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2026 14:35 ET (18:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}