5 Best Space Stocks To Buy According To Hedge Funds

4. EchoStar Corporation (NASDAQ:SATS)

Number of Q4 2023 Hedge Fund Shareholders: 24

EchoStar Corporation (NASDAQ:SATS) is an American firm known for its satellite internet networks that provide coverage all over the world. 2024 has been quite an important year for the firm as it sees EchoStar Corporation (NASDAQ:SATS) become one of the biggest satellite companies in the world after a $26 billion acquisition of the iconic American firm, DISH Network.

During 2023’s December quarter, 24 out of the 933 hedge funds part of Insider Monkey’s database had bought EchoStar Corporation (NASDAQ:SATS)’s shares. Alan Fournier’s Pennant Capital Management was the largest shareholder due to its 35 million stake.

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