BRC Group Holdings, Inc. Provides Update on SpaceX Carried Interest Position

BRC Group Holdings, Inc. (Nasdaq: RILY) announced an update on its indirect economic interest in Space Exploration Technologies Corp. (SpaceX) following SpaceX's IPO on June 12, 2026. The Company's wealth management business facilitated client investments in SpaceX through subsidiaries holding carried interest in special purpose vehicles (SPVs). Clients invested approximately $233 million between 2018 and 2021. As of June 12, 2026, the gross carried interest was valued at approximately $84.2 million, with an expected net carried interest of $70.4 million after estimated expenses. The value is subject to fluctuations in SpaceX's share price, lock-up restrictions, and other factors. These are preliminary, unaudited estimates, and the actual realized value may differ materially.