🚀 SpaceX (SPCX): When the Smart Money Starts Looking to the Stars

Ron Baron Has Made SpaceX an Enormous Bet. He’s Hardly Alone.

Cathie Wood, Fidelity and other major investors are climbing aboard — while SPCX trades not far above its $135 IPO price.

Wall Street’s new frontier may be 100 miles above Wall Street.

SpaceX

NASDAQ: SPCX
$139.63
+1.68
(+1.22%)
As of Aug-26-2026 4:15:00 PM ET

🗣️ Atomic Statement 

"SpaceX is becoming one of Wall Street's highest-conviction bets on the commercialization of space."

There’s a new frontier in investing.

And apparently, it requires a rocket.

Ron Baron and Baron Funds have made an extraordinary bet on SpaceX (NASDAQ: SPCX). In the Baron First Principles ETF, Space Exploration Technologies represented roughly 32% of assets at the end of Q2 2026. In the Baron Asset Fund, the number was even higher: 34.3%.

That isn't a position.

That's practically a marriage.

But perhaps the most interesting thing about Baron's SpaceX conviction is that he is hardly alone.

Cathie Wood's ARK has been aggressively accumulating SpaceX. ARK Innovation ETF already counted SPCX among its largest positions at the end of July, and ARK bought millions more dollars of SpaceX shares in August.

Then there's Fidelity Contrafund, one of America's best-known growth funds. SpaceX represented 4.56% of the portfolio as of July 31, 2026, making it the fund's fourth-largest holding.

And this isn't exactly a fund with a lousy résumé.

As of July 31, Fidelity Contrafund's average annual returns were:

1 year: +12.82%
3 years: +23.66%
5 years: +13.48%
10 years: +17.25%

SpaceX's believer list stretches much further: major institutional shareholders include Fidelity, Alphabet, Founders Fund, Valor Equity Partners, Baron Capital and others. Nvidia is also among the shareholders.

Why all the excitement?

Because SpaceX isn't merely a rocket company anymore.

It's reusable launch infrastructure. It's Starlink. It's global connectivity. It's Starship. It's potentially orbital infrastructure, AI infrastructure and an entirely new economic ecosystem built above our heads.

Baron Funds puts the thesis rather neatly: SpaceX sits at the intersection of AI and the space economy, two enormous secular growth opportunities.

Of course, none of this makes SPCX cheap.

SpaceX went public in June at $135 per share, in the largest IPO in U.S. history. The stock has already demonstrated that rocket ships can travel in both directions.

And even the world's smartest investors can be spectacularly wrong.

But when Ron Baron is willing to put roughly a third of a fund into SpaceX, Fidelity makes it a top-five Contrafund holding, Cathie Wood keeps buying, and some of the world's most sophisticated technology investors are already aboard, it's worth asking:

What exactly do they see coming?

We intend to find out.

Expect a FUNanc1al SpaceX deep dive soon.

After all, it's rocket ships. 🚀

Thanks for the opportunity, Elon Musk.

Innovators and adventurers — gotta love them.

Even better?

Be one.

Carpe Diem!