BRC Group estimates $70.4M net carried interest from SpaceX IPO at $160.95/share

BRC Group Holdings, Inc.

Gross carried interest ~$84.2M, net ~$70.4M based on SpaceX closing price of $160.95 on June 12, 2026.
Clients invested ~$233M into SPVs (2018-2021); carried interest is share of returns on portion of that.
Each $5 change in SpaceX share price changes net carried interest by ~$2.3M.
Amounts preliminary; subject to lock-up restrictions expiring through remainder of 2026.
Value ultimately realized may be materially less; no assurance of any proceeds.

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