Movement Alert|SpaceX Rises 3.07% in Regular Trading, Whale TWAP Buy Order and Sovereign Fund Disclosures Fuel Rebound

Market Focus
Aug 12

On August 12, SpaceX rose 3.07% in regular trading, trading at $137.155/share with turnover of $2.7 billion, staging a strong rebound after declining nearly 4% in the previous session.

On the news front, on-chain monitoring detected a whale initiating a large TWAP buy order during pre-market hours, planning to purchase 74,500 SPCX shares over 150 minutes with a notional value of approximately $9.998 million. If fully executed, the whale's long position would increase to approximately 91,700 shares valued at roughly $12.3 million. Simultaneously, Norway's Government Pension Fund Global — the world's largest sovereign wealth fund at $2.3 trillion — disclosed for the first time that it holds a 0.05% stake in SpaceX valued at $1.2 billion, with its deputy CEO stating the position is broadly in line with index weight. Additionally, Blue Owl Capital disclosed via SEC filings that it holds 1.4 million Class A common shares of SpaceX as of June 30.

These institutional disclosures and large directional buy flows provided a counterweight to prior sessions' selling pressure from retail net outflows and post-lockup supply expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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