Key Takeaways
- On June 17, 2026, the Schwab U.S. Large-Cap Value ETF (SCHV) incorporated SpaceX (SPCX) into its holdings
- The allocation represents a negligible 0.012% of SCHV’s portfolio — small in size but notable in significance
- SCHV experienced a 0.2% decline to $34.55 midweek, though it maintains a robust 16.7% gain year-to-date
- SpaceX registers a concerning GF Score of 14/100, including a profitability rating of merely 2/10
- With a P/S ratio of 102.24, the aerospace firm commands a valuation that anticipates significant future expansion
Space Exploration Technologies Corp has secured a spot within a prominent Schwab exchange-traded fund. On June 17, the Schwab U.S. Large-Cap Value ETF (SCHV) disclosed that it had incorporated SpaceX (SPCX) into its investment roster.
Space Exploration Technologies Corp., SPCX
The position remains fractional — representing merely 0.012% of aggregate assets. Nevertheless, this inclusion marks SpaceX’s entry into a widely accessible investment platform as speculation intensifies around its eventual transition to public markets.
SCHV experienced a modest 0.2% decline to $34.55 during Wednesday’s trading session. Despite this slight pullback, the fund has delivered impressive returns, climbing 16.7% since the beginning of 2026.
SpaceX commands a price-to-sales multiple of 102.24. This elevated valuation indicates that market participants are willing to pay a substantial premium based on anticipated future expansion rather than present financial results.
The aerospace enterprise carries a market capitalization approximating $2.61 billion. Its classification falls within the industrials sector, specifically the aerospace and defense subsector.
SpaceX’s recent acquisition of xAI has expanded its operational scope, introducing artificial intelligence capabilities to complement its core aerospace operations. This strategic transaction has influenced how market analysts evaluate the company’s prospects.
Concerning Metrics Beneath the Excitement
While enthusiasm surrounds the company, SpaceX’s underlying financial metrics present a more sobering picture. GuruFocus assigns the company a GF Score of merely 14 out of a possible 100.
Profitability represents the most significant vulnerability, earning just 2 out of 10 points. The enterprise continues to report negative earnings. Its financial strength registers at 5 out of 10 — a moderate assessment at best.
These figures may give pause to traditional value investors. SCHV traditionally comprises mature, profit-generating enterprises — SpaceX represents a stark departure from this profile.
Insider transaction activity has been absent over the previous 12 months. This silence could indicate confidence among company insiders, or alternatively, a strategic pause as preparations for public market entry continue.
GF Value calculations remain unavailable for SpaceX currently, complicating conventional intrinsic valuation methodologies. The elevated P/S multiple provides the most transparent indication of market expectations embedded in the current price.
Interpreting the ETF Inclusion
At 0.012%, this position barely registers within SCHV’s overall composition. Given that the ETF manages approximately $2.61 billion in assets, the SpaceX holding amounts to an insignificant absolute dollar figure.
The direct influence on SCHV’s performance metrics will be negligible. However, the symbolic importance shouldn’t be dismissed — it demonstrates SpaceX’s gradual integration into retail-accessible investment vehicles.
SCHV’s decision aligns with a developing pattern of SpaceX appearing across various portfolio products as anticipation builds around a possible initial public offering. Institutional demand for exposure to the company has strengthened throughout recent months.
The fund itself continues performing admirably. Its 16.7% year-to-date appreciation positions it favorably among large-cap value competitors through the first half of 2026.
As documented on June 17, the 0.012% allocation within SCHV marks another milestone in SpaceX’s expanding presence across public market investment structures.
