A Fund Manager Who Bought SpaceX Around $121 Is Buying More Near $167. He’s Thinking 30 Years Out.

Kevin Simpson, founder and chief investment officer of Capital Wealth Planning, told CNBC’s Halftime Report on October 7 that he added to his position in SpaceXSPCX. He remembered his original entry from memory: “I think around 120, 121, and it’s had incredible momentum, but we used the slight pullback today. We just wanted to have a little bit bigger position in it.”

SpaceX closed the session at $167.60, down 2.5% on the day, which matches the slight decline Simpson described. It closed at $160.57 on October 8, the last close before this story was published. Simpson is adding at a price well above where he says he started.

Buying Into a Sharp Short-Term Run

Through the October 7 close, the stock gained 11.1% over the past week and 13.3% over the past month. SpaceX listed on June 12, 2026, and shares were up 4.1% from their first close. Given that short history, any mention of SpaceX trading at its highest level since June describes essentially its entire life as a public company, which covers only a few months.

Reuters Reports a $40 Billion Borrowing Plan for NVIDIA Chips

Simpson tied the purchase to recent financing headlines and to another holding. “There was some news about them raising money to buy more Nvidia chips, which we also own in the portfolio,” Kevin Simpson said, referring to NVIDIANVDA.

The underlying news is larger than the interview summary suggests. Reuters reported, according to sources, that SpaceX seeks $40 billion in financing to buy NVIDIA chips, and Bloomberg reported the company is in talks to borrow $40 Billion to buy NVIDIA chips. The Financial Times reported SpaceX looks to raise $40bn for the same purpose, in line with Reuters and Bloomberg.

This financing is debt: SpaceX would be borrowing the money, and the deal is reported as sought. Treating a large debt raise as a reason to increase conviction is a judgment call, and investors can consider Simpson’s reaction alongside the size and nature of the financing.

SpaceX’s second quarter at a glance

A 30-Year Holding Period Drives the Thesis

Simpson framed the purchase in decades. “So we thought that if things, if this stock does continue to run, and we’re sitting here 30 years from now, or 15 years for the 30th anniversary, I think this will be one of the core holdings and a big winner for us,” Kevin Simpson said.

He extended that horizon to TeslaTSLA. “If you look at the combination of Tesla and SpaceX, fast forward. We’re 15 years in the future. With Tesla, you get AI, robotaxis, an Optimus robot in every home. With SpaceX, you get Starlink,” Kevin Simpson said.

His “combination” refers to holding both stocks in a portfolio, though he added, “who knows, someday maybe that plus sign goes away.” The robotaxi, home robot and satellite internet vision is his own thesis.

What SpaceX Does Today

SpaceX is a vertically integrated aerospace, telecommunications and artificial intelligence company operating in space, connectivity and AI. Its Starlink satellite broadband network had 12.0 million subscribers at the end of June, according to the company’s earnings release filed with the SEC. SpaceX was worth about $2.2 trillion at the October 8 close, counting both of its share classes, and trades on Nasdaq following its June 2026 initial public offering.

What a Television Trade Disclosure Leaves Out

A manager saying on television that he added to a position tells investors what he did on a given day. Simpson did not disclose the size of the position, what share of his portfolio it represents, or what would lead him to sell. Those details shape how much weight any single trade disclosure deserves. Investors researching SpaceX can start with the company’s SEC filings, any public details on the financing as they emerge, and Starlink subscriber trends in upcoming earnings reports.