To The Moon

SpaceX — Elon Musk’s rocket-maker turned satellite‑internet powerhouse — has been at the center of headlines across financial media this year. With recent corporate developments and strong speculation that the company may go public in mid‑to‑late 2026, many investors are asking: Is there any way for everyday investors to participate in the ride before an IPO actually happens?

The short answer is: yes — but indirectly. This article breaks down the most realistic ways individual investors might gain exposure to SpaceX today, explains why direct ownership isn’t available yet, and outlines the potential and risks of each approach.

Why SpaceX Is Buzzing Again

SpaceX continues launching Starlink satellites, building the largest low‑Earth orbit constellation in history.

SpaceX is no longer just a rocket‑building company. In early February 2026, SpaceX completed a major merger with Elon Musk’s AI company xAI, creating a combined entity valued at roughly $1.25 trillion. This move positions the company for a potential IPO later in 2026 and places it among the most valuable private companies in the world.

Reports from multiple outlets suggest SpaceX is aiming for a public listing that could raise tens of billions — possibly more than $30 billion — and approach a valuation of $1.5 trillion if market conditions allow.

However, despite all the excitement, SpaceX still doesn’t have publicly traded stock, meaning you cannot simply buy a SpaceX share on an exchange like the NYSE or Nasdaq.

That means ordinary investors need to look for alternative paths to participate.

The Reality: Direct Ownership Isn’t Yet Possible

Since SpaceX is still private, it doesn’t have a public ticker symbol and isn’t listed on any exchange. The company is simply not available for direct purchase in the same way that Tesla or Amazon stock is.

That means if you're not an institutional investor or a very wealthy accredited investor who can take part in secondary private markets, direct access to SpaceX stock is realistically unavailable for most individual retail investors today.

So what can everyday investors do?

Indirect Paths to SpaceX Exposure

1. The KraneShares AI & Technology ETF — AGIX

The AGIX ETF has converted xAI shares into SpaceX shares post‑merger — offering indirect exposure.

One of the most straightforward paths to indirect SpaceX exposure is through ETFs that hold positions tied to SpaceX.

The KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) recently updated its portfolio after the SpaceX–xAI merger. Shares of xAI held by the fund were converted into shares of the combined entity post‑merger, meaning AGIX now has direct ownership exposure to SpaceX within its portfolio.

As of early February 2026, SpaceX represented about 3.45% of AGIX’s holdings, making it one of the ETF’s top private‑market exposures alongside other high‑growth tech names.

Why this matters:

• AGIX is publicly traded and liquid.

• You can buy and sell it like any stock.

• It offers exposure not just to SpaceX but to other private AI/tech innovators.

But it’s important to remember: this isn’t pure SpaceX exposure — it’s a basket of companies.

2. Public‑Private Crossover ETFs

There are a few ETFs that include private companies through special structures, giving everyday investors rare access to names that might eventually go public.

One of the most noted is the ERShares Private‑Public Crossover ETF (Ticker: XOVR), which has taken in significant investor money on hopes of gaining early exposure to SpaceX. This ETF uses special‑purpose vehicles (SPVs) to hold stakes in private companies, including SpaceX.

According to some reporting, XOVR assets swelled to hundreds of millions of dollars after SpaceX IPO speculation drove investor interest.

Keep in mind:

• XOVR’s stake in SpaceX is via an SPV, not direct publicly traded equity.

• Valuation marks inside crossover ETFs can be subjective and lag the broader market.

3. Closed‑End and Private Market Funds

There are other fund vehicles — like Destiny Tech100 (DXYZ) and private shares funds — that hold SpaceX or related private tech assets as part of a diversified portfolio. These can offer exposure, but with higher complexity:

• Closed‑end funds may trade at discounts or premiums to their net asset value.

• Interval/private market funds often have longer lock‑ups and different redemption features.

These vehicles are often best approached with a clear understanding of liquidity and valuation nuances.

Don’t Be Fooled: Participation ≠ Easy Profits

This infographic outlines SpaceX’s scale, estimated revenue, and potential IPO valuation range.

Even if speculation about a SpaceX IPO grows louder, it’s crucial to distinguish participation opportunities from market hype:

• Valuation expectations (e.g., $1.5 trillion) are estimates, not guarantees.

• IPO targets can shift due to market conditions, regulatory hesitations, or corporate strategy changes.

• Early exposure via ETFs or funds doesn’t guarantee a payout lock‑step with SpaceX’s eventual IPO performance.

In other words: just because there’s buzz doesn’t mean there’s guaranteed profit.

In Practice: What You Can Do

Here’s a simplified way for a typical investor to approach SpaceX exposure responsibly:

Step 1: Understand that you cannot directly own SpaceX stock yet.
Step 2: Consider ETF exposure if you want indirect participation (e.g., AGIX or XOVR).
Step 3: Understand the risks — portfolio weight, valuation method, and liquidity matter.
Step 4: Treat this as long‑term sector exposure rather than a short‑term trade.

Conclusion

SpaceX is shaping up to be one of the most anticipated IPO stories of 2026. Its dramatic merger with xAI and potential trillion‑plus valuation have stirred massive interest among investors worldwide.

But until that IPO actually happens — and direct public shares are listed — most ordinary investors will need to rely on indirect routes like thematic ETFs, private‑market crossover funds, or specialized investment vehicles for exposure.

That doesn’t make participation impossible — it just means you need a clear view of the mechanisms, limitations, and risks behind each approach before deploying capital.