SpaceX is reportedly preparing to file for an initial public offering (IPO) with U.S. regulators as early as this week, potentially raising over $75 billion and listing on Nasdaq. Investors can gain exposure through several funds that hold stakes in the company.
IPO Prospects
- The Elon Musk-led company aims to submit its prospectus to the Securities and Exchange Commission soon.
- Expected to raise more than $75 billion, which could make it one of the largest IPOs ever.
- Targeting a Nasdaq listing and seeking early inclusion in the Nasdaq 100 index.
Investment Funds with SpaceX Exposure
- Baron Partners Fund (BPTRX): SpaceX is the largest holding, comprising nearly a third of the total portfolio. Tesla, also run by Musk, is another major holding.
- Baron Focused Growth Fund (BFGIX): SpaceX accounts for nearly a quarter of holdings; Tesla represents just over 6%.
- ARK Venture Fund (ARKVX): SpaceX makes up 18% of the fund; other private holdings include Anthropic, Databricks, and Groq.
- Private-Public Crossover ETF (XOVR): Has close to 45% exposure to SpaceX; Nvidia is the next largest holding at around 4%.
2025-2026 Fund Performance
- BPTRX retail shares declined about 5% in 2026 but rose over 24% in 2025.
- BFGIX institutional shares fell more than 4% in 2026; the fund had three consecutive years of double-digit gains before this.
- ARKVX increased more than 6% in 2026, following a gain of over 55% in 2025.
- XOVR dropped roughly 15% in 2026; it added nearly 12% in 2025 but ranked in the bottom quartile of comparable funds.