The World’s Richest Families Bet on SpaceX

This is so interesting. You know, the the the power of the family office and now the positioning of these family offices. Who are we talking about getting into SpaceX here? So we're seeing a huge swath of names. We see Nicholas Pritzker of the Pritzker dynasty. We see sheikh Mohamed El-Nahin, who is, from a royal from The UAE. We see, Michael Platt, very well known UK hedge fund billionaire. Gina who is one of the richest people in Australia. She's a mining magnate. So really just a who's who of billionaires from all over the world. $3,800,000,000 is a lot of money, Devon. Is it though in the context of, like, family office positions in other public equities and other big names in the in the AI space? Well, it really varies. I mean, with, sheikh Mohammed bin Zayn El-Nahin, for example, he was shown to have $65,000,000, which for his portfolio is is quite, quite small. I mean, he's got many, many positions, but that is not that consequential. But for someone like Nick Pritzker, his position was $1,800,000,000. And in the context of his overall portfolio, which is probably, you know, around sort of 6,000,000,000 at most, I mean, that's really significant. And that shows he is among those billionaires who are really bullish, not just on SpaceX, but on Musk's entire empire. Fritzker is also an investor in Tesla, and there is a a good number of billionaires and family offices out there who are very long on Musk, in the whole Musk empire, and you can bet that he is a long term holder. We'd just recap that SpaceX's IPO is June 11, first day of trading June 12, which is an interesting recent history. And that $3,800,000,000 is around a dozen family offices. So there's, like, concentration there. Would you remind us a methodology? Like, how do we get access to this data? Yeah. So these are from 13 f filings, which are filed, at the end of every quarter, and they're showing, the positions of, money managers that have to report, that have to disclose because they have more than a $100,000,000 in US public listed stocks. So, of course, this is just a small number of the family offices out there. Many, many do not need to file, but they still have vast equity holdings. We just don't have visibility into them. So this is kind of just a slice of the family office universe that we get to see, and it provides lots of interesting data, and we can sort of extrapolate from there what family offices are likely investing in because we do see an interesting cross section of family offices from all over the world who've made their money in all sorts of different ways, but it really is just a snapshot.