Markets

Insider Trading

Hedge Funds

Retirement

Opinion

5 Best Space Stocks To Buy According To Hedge Funds

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.

Follow Telesat Corp (NASDAQ:TSAT)

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.

Follow Echostar Corp (NASDAQ:SATS)

3. Northrop Grumman Corporation (NYSE:NOC)

Number of Q4 2023 Hedge Fund Shareholders: 45

Northrop Grumman Corporation (NYSE:NOC) marks the entry of ‘big space’ in our list of the best space stocks. While it is a diversified defense contractor, the firm operates a cargo ship for NASA and is developing a new rocket system. Its partnership with NASA also saw Northrop Grumman Corporation (NYSE:NOC) finish a new solid rocket booster for testing as part of NASA’s Moon rocket called the Space Launch System (SLS).

By the end of last year’s fourth quarter, 45 out of the 933 hedge funds covered by Insider Monkey’s research were the firm’s investors. Northrop Grumman Corporation (NYSE:NOC)’s biggest stakeholder among these is Donald Yacktman’s Yacktman Asset Management as it owns $189 million worth of shares.

Follow Northrop Grumman Corp (NYSE:NOC)

2. Lockheed Martin Corporation (NYSE:LMT)

Number of Q4 2023 Hedge Fund Shareholders: 58

Lockheed Martin Corporation (NYSE:LMT) is the well known American defense contractor with one of the most technologically advanced space divisions in the world. It’s Orion spacecraft has already made it to the Moon this century, and February 2024 saw the firm share that it has had to grow small satellite manufacturing capacity on the back of strong demand.

After scouring through 933 hedge funds for their December quarter of 2023 shareholdings, Insider Monkey found that 58 had held a stake in Lockheed Martin Corporation (NYSE:LMT). Josh Overdeck and David Siegel’s Two Sigma Advisors was the largest investor as it owned 772,600 shares that were worth $350 million.

Follow Lockheed Martin Corp (NYSE:LMT)

1. The Boeing Company (NYSE:BA)

Number of Q4 2023 Hedge Fund Shareholders: 69

The Boeing Company (NYSE:BA) is the American mega defense contractor headquartered in Arlington, Virginia. February 2024 saw the firm share updates about its Starliner spaceship, with a launch targeted for April 2024 amidst a flurry of reports that have criticized The Boeing Company (NYSE:BA) for a ‘safety disconnect’.

As of Q4 2023 end, 69 out of the 933 hedge funds covered by Insider Monkey’s research were the firm’s investors. The Boeing Company (NYSE:BA)’s biggest stakeholder among these is Ken Fisher’s Fisher Asset Management due to its $1 billion investment.

Follow Boeing Co (NYSE:BA)

Disclosure: None. You can also take a look at Bill Gates’ 16 Dividend Stocks To Buy and 12 Best Medical Stocks to Buy Under $10.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

[/daily-newsletter

Follow Insider Monkey on Twitter

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

<b>Cancel anytime.</b> Turn off auto-renewal via our website with just a click.

 

Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returnsSign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Regular price $9.99/mo. Cancel anytime.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.