Powerlaw Corp. (Nasdaq: PWRL) Announces Largest Portfolio Holding: SpaceX

SpaceX is PWRL's largest single holding, representing 19.37% of net assets

Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today disclosed that Space Exploration Technologies Corp. ("SpaceX") is its single largest portfolio holding. As of May 13, 2026, PWRL's investment in SpaceX had a fair value of approximately $117.0 million, representing 19.37% of the Fund's net assets.

PWRL began trading on Nasdaq following a direct listing on May 27, 2026. The Fund invests across many of the sectors the Fund believes are driving the next generation of technological innovation, including artificial intelligence, next-generation software, aerospace and defense, and consumer technology platforms. Complete portfolio disclosures are available at PWRL.com

SpaceX is a space launch, exploration, and services business founded by serial entrepreneur Elon Musk. Today, the company operates Falcon 9, a two-stage reusable rocket with over 400 successful launches since 2010, and Starlink, a satellite-internet service that began in 2020. The company is expected to go public later this month, with plans to target a valuation of $1.75 trillion.