Izzy Englander’s SpaceX Bet | Business and Finance News

Billionaire Izzy Englander’s hedge fund Millennium Management quietly snapped up 17 million SpaceX shares just before the company’s lockup expiration — a move that hints at a bold bet on the rocket company’s long-term upside. While SpaceX’s stock tumbled post-IPO, Englander’s late-June purchase suggests he’s betting on the future, not the short-term dip. With Starlink booming and AI ambitions soaring, SpaceX’s potential revenue could explode — and Wall Street agrees, with strong price targets. Englander’s strategy? He’s not just buying stock — he’s hedging with options, a classic move for a seasoned fund manager. So, does he know something we don’t? Probably. His track record and methodical approach point to a deep conviction in SpaceX’s space-powered AI future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d8ace5b08bbb7ce7