Retail investors flocked to ****** e Exploration Technologies (NASDAQ: SPCX), better known as ****** eX, after its initial public offering (IPO) in June. However, some institutional investors also bought the artificial intelligence and ****** e stock. Billionaire Israel "Izzy" Englander was one of them.
Englander's Millennium Management loaded up on ****** eX in the second quarter of 2026. Notably, the hedge fund purchased over 17.6 million shares before ****** eX's first lockup expiration on Aug. 6. Many viewed this lockup expiration as a reason to avoid the stock, at least temporarily. Does Englander know something that most investors don't?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
We don't know exactly when Englander bought shares of ****** eX. However, I'd wager that he began buying days after the ****** e technology company's record-setting IPO when its stock plunged more than 20%.
Initiating a stake in ****** eX in late June might seem like a questionable decision, given the downward pressure on the stock that many expected when insiders began selling their shares. In retrospect, Englander's decision to buy ****** eX could appear to be a poor one, with shares down a double-digit percentage since the end of Q2.
#Stock #englander #investors #however
Englander's Millennium Management loaded up on ****** eX in the second quarter of 2026. Notably, the hedge fund purchased over 17.6 million shares before ****** eX's first lockup expiration on Aug. 6. Many viewed this lockup expiration as a reason to avoid the stock, at least temporarily. Does Englander know something that most investors don't?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
We don't know exactly when Englander bought shares of ****** eX. However, I'd wager that he began buying days after the ****** e technology company's record-setting IPO when its stock plunged more than 20%.
Initiating a stake in ****** eX in late June might seem like a questionable decision, given the downward pressure on the stock that many expected when insiders began selling their shares. In retrospect, Englander's decision to buy ****** eX could appear to be a poor one, with shares down a double-digit percentage since the end of Q2.
#Stock #englander #investors #however
22 days ago
