Want Exposure to SpaceX? These 2 ETFs Own It.
Two ETFs, ERShares Private-Public Crossover ETF and Baron First Principles ETF, offer investors exposure to SpaceX, with the latter directly owning SpaceX shares. The ETFs come with liquidity risks due to their investment in private equity and credit.
Investors seeking exposure to SpaceX can consider two ETFs: ERShares Private-Public Crossover ETF and Baron First Principles ETF. SpaceX is privately held, making its shares unavailable to the general public until its initial public offering (IPO) this summer, potentially valuing it at $1.75 trillion to $2 trillion-plus. ERShares Private-Public Crossover ETF has 28% of its portfolio invested in a special-purpose vehicle (SPV) with SpaceX exposure. Baron First Principles ETF directly owns SpaceX shares, with an 8% allocation, making it the fund's second-largest holding behind Tesla. Both ETFs come with liquidity risks due to their investment in private equity and credit. The Baron First Principles ETF is managed by Ron Baron, a legendary growth investor.
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