Billionaire Izzy Englander’s hedge fund acquired SpaceX shares in Q2 2026 before the Aug. 6 lockup expiration.
Millennium Management, led by billionaire Izzy Englander, purchased 17.6 million shares of SpaceX in the second quarter of 2026. The stake was initiated before the company’s first lockup expiration on August 6, a period many investors avoided due to expected selling pressure.
SpaceX went public in June 2026, with shares declining over 20% shortly after its IPO. The stock has since fallen further, raising questions about the timing of Millennium’s investment. Lockup expirations typically lead to increased volatility as insiders gain the ability to sell shares.
The move comes amid broader institutional interest in SpaceX, despite its recent underperformance. Englander’s fund is known for its data-driven approach, though no evidence suggests access to non-public information.