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 SpaceX (NASDAQ:SPCX | SPCX Price Prediction). He remembered his original entry from memory: “I think around 121, and it’s had incredible momentum, but we used the slight pullback today, according to Capital Wealth Planning. We just wanted to have a little bit bigger position in it.”
SpaceX closed the session at $167.60. As of 6:33 PM ET it traded at $168.20 after hours, a move of +0.36% from the close. Simpson described a slight decline during the session. Shares moved higher after hours. Simpson is adding at a price well above where he says he started.
Buying Into a Sharp Short-Term Run
The stock gained 11.49% over the past week and 13.69% over the past month. SpaceX listed on June 12, 2026, and shares are up 4.5% since then. 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 NVIDIA (NASDAQ:NVDA).
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. 24/7 Wall St. reported separately earlier today that SpaceX wants to borrow $40 Billion for those chips, matching 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. The chip bill is only half the story for these computing facilities; we featured seven suppliers behind the expansion, from power to cooling, in a free report here.
A 30-Year Holding Period Drives the Thesis
Simpson framed the purchase in decades. “We thought that 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 Tesla (NASDAQ:TSLA). “If you look at the combination of Tesla and SpaceX, fast forward. We’re 15 years in the future, according to Capital Wealth Planning. 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. He described the two companies as separate holdings. 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 serves over 12 million subscribers, according to the company’s earnings release filed with the SEC. SpaceX carries a market capitalization of $1.28 trillion 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.