Technology investor Brad Gerstner's Altimeter Capital has revealed a significant new position in SpaceX (SPCX). According to its latest ownership filing, the firm acquired 1.78 million shares valued at approximately $303.53 million. This new holding now constitutes 3.09% of Altimeter's reported portfolio. Gerstner had been a vocal commentator on SpaceX in the months leading up to its June 2026 IPO, discussing its valuation and potential as a key player in AI infrastructure.
This investment was disclosed in a filing on August 14, 2026, which reflects trades made during the second quarter ending June 30. During that period, SpaceX conducted its historic IPO. The investment by a prominent public-market investor like Gerstner follows a quarter where SpaceX reported reaching 12 million Starlink subscribers, a year-over-year doubling of its user base.