Dec. 19 at 8:26 PM
Speculation that SpaceX could become one of the hottest IPOs of 2026 is driving heavy inflows into a little-known ETF as investors look for indirect exposure to Elon Musk’s rocket company.
More than
$600 million flowed in over the past week into the ERShares Private-Public Crossover ETF, a
$1.3 billion fund that blends public and private holdings and includes a small stake in SpaceX. Investor interest has surged despite ongoing criticism over how the fund values its privately held SpaceX shares, which some argue are not marked to market frequently enough.
Fund manager Joel Shulman has defended the valuation approach, saying SpaceX would be revalued only when there is clear evidence of a change in share value. Analysts note the irony that investors are rushing in even as SpaceX’s weight in the portfolio has fallen sharply—from nearly 10% earlier this year to about 2.2% today.
$NVDA $XOVR $SPACEX.X
