BRC Group Holdings disclosed its indirect economic interest in SpaceX following the company's June 12, 2026 IPO, with net carried interest valued at approximately $70.4 million based on SpaceX's $160.95 opening price. The value remains subject to significant volatility risks, lock-up restrictions, and manager discretion on timing of sales, with each $5 share price change affecting net proceeds by an estimated $2.3 million.