This Hedge Fund Has Billions Invested in SpaceX

Space Exploration Technologies (NASDAQ: SPCX) was an exciting IPO, with a large rise on day one followed by a few days of strong gains before selling off. However, the stock seems to have settled into the $135 per share range over the past few weeks, which is exactly where it was supposed to debut on the public markets.There may have been a few funds that purchased shares at the beginning or after the sell-off, but there's one notable one that has been a SpaceX investor for a long time: Coatue Management, run by billionaire Philippe Laffont. Coatue didn't buy into SpaceX at the IPO. Instead, it invested in the company in an earlier investment round that then turned into the multi-billion-dollar position it has today.Just how big is it? Let's take a look.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool