SpaceX (NASDAQ: SPCX) has expanded its footprint across U.S.-listed ETFs, appearing in 179 funds that include value-oriented portfolios traditionally focused on mature, lower-valuation companies. According to Morningstar, the rocket company’s presence in value ETFs underscores how modern index construction has evolved to incorporate measures such as profitability, cash generation and quality alongside traditional valuation metrics.

Why SpaceX appears in value ETFs

Traditional value investing typically targets companies trading at low valuations relative to earnings or book value. SpaceX, however, commands a premium valuation driven by growth expectations in satellite broadband, launch services and defense contracts. Contemporary value strategies increasingly combine valuation screens with quality and profitability characteristics, allowing companies like SpaceX to qualify for portfolios that once excluded them.

Value ETFs holding SpaceX

Morningstar’s analysis identifies several major value ETFs holding SpaceX. The Schwab U.S. Large-Cap Value ETF (NYSE: SCHV) and the Strive 1000 Value ETF (NYSE: STXV) are among the largest holders. SpaceX is also included in the iShares Russell 1000 Value ETF (NYSE: IWD) and the Vanguard Russell 1000 Value ETF (NASDAQ: VONV), both of which track the Russell 1000 Value Index.

The iShares Russell Top 200 Value ETF (NYSE: IWX) holds SpaceX at roughly 0.03% of its portfolio. Smaller allocations are present in the Fidelity Enhanced Large Cap Value ETF (NYSE: FELV) and the Goldman Sachs MarketBeta Russell Large Cap Value Equity ETF (NYSE: GVUS).

Broader ETF ownership

SpaceX’s reach extends beyond value strategies to include broad-market index funds, growth ETFs, quality and momentum strategies, and multi-factor portfolios. Thematic funds such as the ARK Space Exploration & Innovation ETF (BATS: ARKX) and the Procure Space ETF (NASDAQ: UFO) provide targeted exposure to the commercial space economy. Dedicated leveraged and inverse products, including the Kurv SpaceX Enhanced Income ETF (BATS: XSHP) and the Tradr 2X Long SpaceX Daily ETF (BATS: SPCM), offer concentrated exposure.

Piper Sandler analyst Alexander Potter has initiated coverage on SpaceX with a Neutral rating and announced a price target of $156. The assessment provides a benchmark for the stock listed on NASDAQ under the ticker SPCX.

Coverage Details

The initiation marks Piper Sandler's formal entry into analyzing the company's performance and future outlook. The Neutral rating suggests that the firm expects the stock to perform in line with the broader market or industry averages.

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