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SpaceX stock appears in both hedge fund and mutual fund top overweight lists

SpaceX is trading at about 93 times next year’s estimated earnings, according to MarketWatch.

Reported · Written up by our desk · Fund Industry

MarketWatch highlights that SpaceX is one of six stocks that appear as an overweight position for both hedge funds and mutual funds.

The piece notes that, based on the company’s valuation, SpaceX is trading at roughly 93 times next year’s estimated earnings, a level that may seem at odds with which kinds of funds typically favor the stock.

MarketWatch frames the overlap as unusual because hedge funds often focus on shorter-term opportunities, while mutual funds can be more oriented toward longer-term positioning.

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Sources

MarketWatchThere are six stocks that hedge funds and mutual funds are both overweight , and SpaceX is one
MarketWatchThere are six stocks that hedge funds and mutual funds are both overweight , and SpaceX is one

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