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Get Ready for More SpaceX in ETF Orbits
['Emile Hallez']
The Daily Upside
The big takeaway for ETFs, though, is that there will very likely be a lot more SpaceX stock on the market as of tomorrow, and much of it will make its way into funds.
Still, the company’s net loss was $541 million, though that was an improvement from the $1 billion net loss a year earlier.
Regardless, it stands to increase the presence of SpaceX within ETFs.
The biggest position is within Invesco’s QQQ Trust, which holds nearly $6 billion in the company.
With Starship, our aspirations … are to deliver well over a million, and ultimately 10 million tons per year.”