Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMicah Zimmerman, The Motley FoolSun, June 7, 2026 at 1:02 PM GMT+2 4 min readSpaceX filed its S-1 with the SEC on May 20, 2026, targeting a Nasdaq listing. The company's IPO documents revealed $18 billion in 2025 revenue, with Starlink -- its satellite internet business -- accounting for $11.4 billion, about 61% of total revenue. Starlink had 10.3 million paid subscriptions in Q1 2026, doubling from a year earlier. The connectivity segment was also the only profitable division, generating $4.42 billion in income.The IPO is expected to float roughly 5% of the company at a valuation between $1.75 trillion and $2 trillion. That means limited public float, enormous demand, and an opening price that could leave retail investors holding a very expensive piece of paper if sentiment shifts.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »But you still have options to gain exposure to SpaceX.Image source: Getty Images.The ETF route: Real exposure, real caveatsThe most direct way to own SpaceX today is through the ERShares Private-Public Crossover ETF (NASDAQ: XOVR). As of May 21, 2026, XOVR holds approximately $292 million of SpaceX exposure through a special purpose vehicle -- structured with no additional management fee or carried interest beyond the fund's 0.75% expense ratio. The ETF requires no accredited-investor status and has grown to nearly $1.5 billion in assets. Top holdings alongside SpaceX include Nvidia, Alphabet, and Astera Labs.There are caveats worth understanding. The SpaceX stake is held through an SPV, not direct equity. Valuations of private holdings can lag public market realities, and there has been scrutiny over how frequently the SpaceX position mark is updated. XOVR also carries wider bid-ask spreads than conventional ETFs. This is not a clean, transparent holding. Know what you're buying.Destiny Tech100 (NYSE: DXYZ) is a closed-end fund that holds stakes in SpaceX, OpenAI, Stripe, Revolut, and Discord. It offers the broadest private-market tech exposure available to retail investors but has historically traded at large premiums to its net asset value. DXYZ surged over 21% to near its 52-week high as SpaceX IPO excitement intensified. Paying a premium for a fund whose underlying assets are illiquid and whose positions are marked infrequently is a risk that deserves respect.The simpler play: Rocket LabHere's the angle I find more compelling for long-term investors who want genuine exposure to the space economy without the IPO lottery.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info