More SpaceX, please
ERShares just added roughly $35 million to XOVR’s SpaceX exposure, bringing the fund’s total stake in Elon’s rocket company to about $281 million. That works out to around 23% of the ETF’s assets, which is a pretty chunky bet for something that’s still private.
Why investors should care
This is basically a high-conviction wager that SpaceX is going to keep getting more valuable before it ever rings the IPO bell. If you own XOVR, you’re not just buying a diversified private-public crossover fund anymore — you’re getting a bigger and bigger SpaceX side quest.
- The new add: about $35 million
- Total SpaceX exposure: about $281 million
- Fund weight: roughly 23% of assets
The IPO-sized asterisk
The article tees up what could be a blockbuster SpaceX IPO, and that’s the whole game here. If SpaceX eventually goes public at a sky-high valuation, XOVR’s concentration could look genius. If the deal gets delayed or the market loses its rocket-launch enthusiasm, well... that’s the price of chasing the moon.
Big picture: XOVR is leaning harder into the SpaceX story, and that means more upside potential, more headline risk, and a lot less “boring ETF” energy.