MILAN, Aug 17 (Reuters) – Italy’s biggest bank Intesa Sanpaolo held a stake worth about $966 million in Elon Musk’s SpaceX as of June 30, an SEC filing showed.
• Intesa held nearly 5.66 million shares in the rocket and satellite company at the end of the second quarter, the bank said in the filing.
• SpaceX listed in June after an initial public offering. Its current market capitalisation amounts to around $1.9 trillion.
• Intesa’s stake in SpaceX is the single largest one in the Italian lender’s U.S. share portfolio, according to the filing.
• The stake makes up about 33% of Intesa’s $2.92 billion aggregate U.S. portfolio.
(Reporting by Giulio Piovaccari; Editing by Kirsten Donovan)
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