Billionaire Izzy Englander Bought SpaceX Before the Lockup Expiration. Does He Know Something Most Investors Don't?

Billionaire Israel "Izzy" Englander acquired a significant position in SpaceX prior to the expiration of the company's lockup period in August 2026. Millennium Management, the hedge fund run by Englander, purchased more than 17.6 million shares of SpaceX during the second quarter of that year alone, despite the common perception that the lockup expiration would be a reason to avoid the stock.

This led to speculation about whether Englander possesses insider knowledge that most other investors do not. However, there is no evidence suggesting that Englander has access to confidential information about SpaceX. Instead, his decision to invest in the company may be attributed to his deep understanding of its growth prospects.

SpaceX's Starlink satellite internet services and artificial intelligence segments are both experiencing rapid growth, which could potentially lead to substantial revenue increases for the company, particularly if SpaceX founder Elon Musk realizes his vision of hosting AI applications on satellites in space. Wall Street analysts appear to agree with Englander's assessment of SpaceX's investment potential, as the average 12-month price target for the stock forecasts a 60% increase above its current price, and approximately 33% above its value at the end of Q2.

It is also worth noting that Millennium Management employed a hedging strategy by simultaneously purchasing call and put options on SpaceX shares, which is a common practice among investors like Englander. While the article does not explicitly state that Englander is privy to unique insider information, the evidence suggests that his investment decision is based on a thorough analysis of SpaceX's growth opportunities, rather than any exclusive knowledge.