If You Want to Buy SpaceX Before the IPO, This ETF Makes It Easier Than You Think
Written by David Dierking for The Motley Fool -> Retail investors looking to own SpaceX before its IPO may have to settle for buying an ETF with exposure. The ERShares Public-Private Crossover ETF (XOVR) currently has 23% of its assets invested in a special purpose vehicle (SPV
Retail investors looking to own SpaceX before its IPO may have to settle for buying an ETF with exposure.
The ERShares Public-Private Crossover ETF (XOVR) currently has 23% of its assets invested in a special purpose vehicle (SPV) with exposure to SpaceX.
This is the best and easiest way to get exposure to SpaceX, even though it's only part of a broader equity portfolio.
In an unexpected twist, S&P Dow Jones Indices, the overseer of the S&P 500 (SNPINDEX: ^GSPC) , announced that it won't fast-track any of the big artificial intelligence (AI)-linked initial public offerings (IPOs) into the index. That means SpaceX, OpenAI, and Anthropic will have to wait at least a year before inclusion.
But just because mega-IPOs like SpaceX won't get early access to S&P 500-linked investors doesn't mean the enthusiasm for the stock is diminished, or that early access in other ways isn't on their minds. Investors hoping to take a position in SpaceX prior to the expected June 12 IPO actually have an easier time than they might think.
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One way is to buy shares of the ERShares Private-Public Crossover ETF (NASDAQ: XOVR) . It takes positions in innovative public and late-stage privately held companies. The fund's largest position right now is through special purpose vehicle (SPV) exposure to SpaceX. This SpaceX SPV position is currently 23% of the entire portfolio.
For investors looking to own a piece of SpaceX prior to its IPO, this is still a great early way in.
