SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)
Daily ERM3 factor decomposition: how much of SPCX's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $147.49
- Market cap
- $1.94T
- 23-day vol
- 63.7%
- Sector proxy
- XLK
- Subsector proxy
- IGV
Risk DNA
Variance decomposition across market, sector, subsector, and stock-specific layers.
SPCX carries 100% stock-specific risk against a peer average of 71% — more of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of SPCX held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (IGV) | Explained risk |
|---|---|---|---|---|
| L1 | — | — | — | — |
| L2 | — | — | — | — |
| L3 | — | — | — | — |
Data as of October 10, 2026. Updated daily from the ERM3 pipeline.
13F filers holding SPCX
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
- Coatue Management6.5%
- ARK Investment Management5.0%
- Third Point0.7%
- D. E. Shaw & Co.0.6%
- Citadel Advisors0.5%
- Appaloosa Management0.5%
Browse every tracked 13F filer.
Go deeper on SPCX
Ask the AI risk analyst for SPCX's full history, peer comparison, or how it changes your portfolio's risk.