Viking Global Bets Big On SpaceX While Ditching CoreWeave, Alphabet in Q2
Key takeaways
- Viking Global’s Q2 moves signal a strategic shift toward space and consumer tech, while pulling back from AI‑cloud and search, reshaping the short‑term landscape for those stocks.
- Viking added 1.2 million SPCX shares
- HD stake jumped 82.6% to 920,595 shares
- META rose 75.8% to 1.9 million shares
What happened
Viking Global Investors added new stakes in SpaceX (SPCX), Morgan Stanley, Qualcomm, and CVS Health, while fully exiting CoreWeave (CRWV) and Alphabet. Existing positions in Home Depot, Meta, and Amazon were increased, whereas Tesla, TSMC, and Microsoft were trimmed.
Why it matters
The fund’s pivot toward SpaceX signals confidence in space infrastructure, while the exits from AI‑cloud CoreWeave and search giant Alphabet suggest a shift away from high‑growth tech bets. Sharply larger holdings in HD, META, and AMZN indicate a tilt toward consumer staples and e‑commerce, potentially influencing…
Short-term and longer-term
Short-term. Viking’s 1.2 million shares in SpaceX could add liquidity and support the stock’s price if the company announces new launch contracts.
Longer-term. The fund’s pivot toward SpaceX and consumer‑tech giants indicates a longer‑term belief in space infrastructure and e‑commerce resilience.