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TORONTO, Aug. 05, 2026 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (“Stack Capital” or the “Company”) (TSX:STCK) today announced its financial results for the period ended June 30, 2026. Stack Capital reports all amounts in Canadian Dollars unless otherwise stated.
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FINANCIAL SUMMARY
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- Book Value per Share (BVpS): $20.25, compared to $16.57 as at March 31, 2026 (+22% increase)
- Total Book Value: $313 million
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The quarter reflected meaningful value creation across the portfolio, led by SpaceX, Fluidstack, CoreWeave and X-Energy.
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PORTFOLIO COMPANY HIGHLIGHTS
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SpaceX
SpaceX completed its record-setting initial public offering and began trading on Nasdaq under the ticker SPCX. The offering was priced at US$135 per share, raising US$75 billion at an approximately US$1.77 trillion valuation, and significantly contributed to Stack Capital’s Book Value growth.
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Project Prometheus
Stack Capital invested in Project Prometheus, a physical AI company led by Jeff Bezos. The company is developing AI systems that learn from real-world experimentation to accelerate the design, engineering and manufacturing of physical products across industries including computing, aerospace and automotive. Project Prometheus raised US$12 billion at a US$41 billion valuation.
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Fluidstack
Stack Capital invested US$12.0 million in Fluidstack, a next-generation data centre operator and AI infrastructure provider. Anthropic selected Fluidstack to deliver custom-built data centres in New York and Texas as part of its US$50 billion investment in American AI infrastructure. Following Stack Capital’s investment, the carrying value of the Company’s Fluidstack position increased by approximately 90%.
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Crusoe
Crusoe announced that it had contracted 4.9 gigawatts of AI infrastructure capacity across its data centre projects and Crusoe Cloud platform. Crusoe’s broader development pipeline, including contracted projects, sites under active tenant negotiation and sites in advanced development, now exceeds 40 gigawatts, reflecting significant demand for large-scale AI infrastructure.
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X-Energy
X-Energy completed its initial public offering during the quarter, raising approximately US$1.1 billion in net proceeds, and began trading on Nasdaq under the ticker XE. We continue to believe X-Energy is well positioned to benefit from the growing demand for advanced nuclear power as AI, electrification, and energy security drive long-term electricity demand.
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Hopper
Hopper went live with RBC, marking a significant enterprise milestone and validating the strength of its B2B travel and fintech solutions, which now power travel platforms for several of the world’s leading financial institutions.
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Databricks
Subsequent to quarter-end, Databricks signed a term sheet for a strategic financing at a US$188 billion valuation, expected to close later this summer. The financing represents an approximately 40% increase from its previous US$134 billion financing valuation.
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