Few would have expected Space Exploration Technologies (SPCX) to end up in a value-stock ETF. Yet that is exactly what happened when the newly public space and satellite giant was added to the Schwab U.S. Large-Cap Value ETF (SCHV), a fund traditionally associated with mature, cash-generating companies rather than high-profile growth stories. SCHV tracks an index of large-cap U.S. stocks exhibiting value characteristics and manages more than $15 billion in assets, making SpaceX’s inclusion a notable milestone for both the company and investors.
SCHV has added a small position in SpaceX, with the stock representing just 0.012% of the fund’s portfolio. While the allocation is too small to materially affect performance, it gives value-focused investors exposure to the newly public aerospace and satellite company and highlights SpaceX’s growing inclusion.
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With the company generating substantial cash flows from its rapidly expanding Starlink business, dominating the global launch market, and trading at valuation metrics that index providers apparently deem attractive relative to its fundamentals, SpaceX is beginning to blur the line between growth and value.
Is SPCX the value stock you have been looking to add to your portfolio?
About SpaceX Stock
SpaceX is a leading aerospace, satellite communications, and space technology company founded by Elon Musk. The company designs and launches reusable rockets, operates the rapidly expanding Starlink satellite internet network, and provides launch services for commercial, government, and defense customers worldwide.
Headquartered in Hawthorne, California, SpaceX has emerged as a dominant force in the global space industry and recently became one of the world’s most valuable publicly traded companies following its historic IPO. SpaceX’s market cap is around $2.2 trillion, placing it among the largest companies by market value.
SpaceX has delivered one of the most explosive public market debuts in recent history. The company completed the largest IPO…
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