5 Best Space Stocks To Buy According To Hedge Funds

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In this piece, we will take a look at the five best space stocks to buy according to hedge funds. To find out all about the recent events in the space industry and why space stocks are quite unique, check out 12 Best Space Stocks To Buy According To Hedge Funds.

5. Telesat Corporation (NASDAQ:TSAT)

Number of Q4 2023 Hedge Fund Shareholders: 14

Telesat Corporation (NASDAQ:TSAT) is a Canadian company that is one of the oldest space stocks on our list as it was set up in 1969. The firm expanded its global presence in February by signing an agreement to build LEO satellites with a British firm.

Insider Monkey dug through 933 hedge fund portfolios for last year’s fourth quarter and found that 14 had held a stake in the firm. Telesat Corporation (NASDAQ:TSAT)’s biggest investor in our database of hedge funds is Mark Rachesky’s HR Fund Management due to its $188 million investment.

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