Wall Street develops investment products tied to SpaceX shares

SpaceX went public on June 12, 2026, raising $75 billion at $135 per share. That made it the largest IPO in history, with an implied valuation of roughly $1.77 trillion. Shares hit an intraday high of $225 before pulling back to around $116 by late July 2026. That’s a swing of nearly 50% from peak to trough in a matter of weeks. What Wall Street is actually building Financial firms are now creating structured investment products linked to SpaceX shares that include built-in downside protection. These products sit inside familiar wrappers: interval funds, crossover ETFs, and actively managed mutual funds. The Private Shares Fund, ticker PRIVX, is one example of a vehicle that has offered pre-IPO exposure to companies like SpaceX. As of March 31, 2026, SpaceX and xAI together made up 19.36% of that fund’s holdings. The fund allows quarterly repurchases of up to 5% of shares. Other publicly accessible vehicles have offered similar exposure. The Baron Partners Fund and Fidelity Contrafund, which allocates roughly 4.7% to SpaceX, have given institutional and retail investors a slice of the company without requiring them to navigate private markets directly. ETFs like XOVR and RONB have ...