What smart money is saying about SpaceX
1 fund in our archive has pitched SpaceX — most recently Foundation Resource Management, LLC Composite Equity Portfolio in June 2026.
Space Exploration Technologies Corp. designs, manufactures, and launches rockets and spacecraft, and provides satellite-based broadband services in the United States, Ireland, and Canada. The company offers launch services for satellites, cargo, and crew to destinations such as low Earth orbit, the International Space Station, the Moon, and Mars, using vehicles, including Falcon 9, Falcon Heavy, and Starship. It provides dedicated rideshare missions for small satellites, manufactures reusable rockets and spacecraft, such as Dragon and Starship, and conducts suborbital and orbital flight tests. The company supplies broadband internet connectivity through the Starlink satellite network for consumer and commercial use, and offers Starshield, a satellite-based solution for government users focused on sensing, communications, and satellite bus services. It supports scientific research opportunities and provides on-orbit research and travel services for private and government customers, and collaborates with government agencies for national security space launch missions. The company serves government agencies, national security organizations, commercial satellite operators, research institutions, and private spaceflight clients, supporting scientific research and commercial payload missions for professional and industrial clients in the aerospace and telecommunications sectors. The company was founded in 2002 and is based in Starbase, Texas.
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Position history
Between Q2 2026 and Q3 2026, 4 fund letters reported a position in SpaceX — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 2 | 1 | 1 | 1 |
Fund activity · 4 positions · 2 moves
- HoldsDistillate CapitalSeptember 2026
“It also addresses why Alphabet issued ~$85 in equity, and why SpaceX tapped credit markets for $40B only months after getting $80B from its initial public offering (IPO).”
SpaceX - September 2026
“First, regardless of end market or industry, we are determined to identify, research, and underwrite the most innovative large cap companies that exist. We believe these companies can remain relevant to customers beyond any investment cycle. It’s why we own Intuitive Surgical, Inc (ISRG), SpaceX (SPCX), and NVIDIA Corp.”
SpaceX - June 2026
“Late in the quarter, we participated in the IPO of SpaceX (SPCX), accumulating a small position.”
SpaceX - June 2026
“We divested our position as quarterly earnings missed elevated expectations and as relative strength continued to deteriorate.”
SpaceX
Also mentioned · 5
These funds discuss SpaceX — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedMiddle Coast InvestingJune 2026
“These are, for now, the top of the line in the AI value chain: Alphabet (GOOG) , Microsoft (MSFT) , Amazon (AMZN) , Meta Platforms (META), plus OpenAI and Anthropic once they become public, and then a few companies on the fringes (Oracle (ORCL), SpaceX (SPCX) maybe, Alibaba (BABA), Tencent (TCEHY).”
SpaceX - MentionedNexPoint Merger Arbitrage FundJune 2026
Named in a table in NexPoint Merger Arbitrage Fund’s letter.
SpaceX - MentionedFoundation Resource Management, LLC Composite Equity PortfolioJune 2026
“The contrasting opportunity is a decidedly less terrestrial affair, which is part of the reason it has garnered much more excitement. By now most of you have guessed that the opportunity we are referring to is the recent initial public offering (IPO) of SpaceX (Nasdaq: SPCX). While we discuss above the stock market’s lack of excitement about the U.S. housing stock being underbuilt by the amount needed to house around 10,000,000 people, [5] somehow SpaceX’s goal to build housing and a city for 1,000,000 people on Mars has generated far more interest and market capitalization! Before we go any further, we want to clearly establish a few points: 1) we are not rooting against, betting against or shorting SPCX shares and 2) we humbly submit that we do not know exactly what the future holds for either of these situations.”
SpaceX - MentionedCooke & Bieler All Cap Value EquityJune 2026
“While the company reported solid earnings and early progress on the new CEO’s strategic initiatives, the stock sold o sharply toward the end of the quarter amid fears that SpaceX (SPCX) might launch a satellite-based mobile wireless service. While we would not doubt SPCX’s technological prowess or deep pockets, the barriers to a successful satellite-only wireless service, particularly in densely populated areas, are considerable.”
SpaceX - MentionedGreenlight Capital FundsJune 2026
“Speaking of the most hyped parts of the market, let’s discuss Space Exploration Technologies, or SpaceX (SPCX), which had a successful IPO in June.”
SpaceX
Fund coverage · 1 thesis
- Foundation Resource Management, LLC Composite Equity PortfolioJune 2026
SpaceX combines reusable rocket, Starlink, and AI ambitions with large addressable markets and rapid revenue growth, but the passage stresses its valuation and growth requirements.
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