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 mere 0.012% of SCHV’s portfolio — negligible in size but meaningful symbolically
- SCHV traded down 0.2% to $34.55 midweek, though the fund remains up 16.7% for the year
- SpaceX registers a concerning GF Score of 14/100, including a profitability rating of only 2/10
- With a P/S multiple of 102.24, the market appears to be betting aggressively on future expansion
Space Exploration Technologies Corp has secured a spot within a major Schwab investment fund. On June 17, the Schwab U.S. Large-Cap Value ETF (SCHV) disclosed that it had incorporated SpaceX (SPCX) into its portfolio.
Space Exploration Technologies Corp., SPCX
The position is minuscule — accounting for merely 0.012% of aggregate assets. Yet the inclusion represents a significant milestone, positioning SpaceX within a widely accessible investment product as speculation mounts regarding its eventual public offering.
SCHV declined 0.2% to close at $34.55 during Wednesday’s session. Despite this modest pullback, the fund has posted impressive gains of 16.7% since the beginning of 2026.
SpaceX currently commands a price-to-sales multiple of 102.24. This elevated valuation suggests investors are wagering heavily on the company’s trajectory rather than its present financial results.
The aerospace manufacturer holds a market capitalization near $2.61 billion. It functions within the industrials sector, specifically focused on aerospace and defense operations.
SpaceX’s recent acquisition of xAI has introduced artificial intelligence capabilities into its aerospace operations. This strategic move has reshaped investor perspectives on the company’s future prospects.
Financial Metrics Paint a Troubling Picture
Beneath the excitement surrounding SpaceX, the underlying financials reveal significant concerns. GuruFocus assigns the company a GF Score of merely 14 out of 100.
Profitability represents the company’s most glaring weakness, earning just 2 out of 10. SpaceX continues to post losses in its current operations. Financial strength receives a mediocre rating of 5 out of 10.
These metrics present challenges for value-oriented investors. SCHV traditionally holds mature, profit-generating companies — SpaceX represents a stark departure from that profile.
Insider transaction data shows zero buying or selling activity over the trailing twelve months. This absence could indicate insider confidence in current positions, or perhaps a strategic pause as the company navigates its path toward public markets.
GF Value metrics remain unavailable for SpaceX, complicating traditional valuation analysis. The extreme P/S ratio provides the most transparent indicator of market sentiment and growth expectations.
Reading Between the Lines of This ETF Inclusion
At just 0.012%, this position barely registers within SCHV’s overall composition. With total fund assets around $2.61 billion, the SpaceX allocation amounts to an extremely small dollar figure.
The direct performance impact on SCHV will be virtually undetectable. However, the symbolic significance shouldn’t be dismissed — it demonstrates SpaceX’s gradual integration into mainstream retail investment channels.
SCHV’s decision follows an emerging pattern of SpaceX appearing in additional investment vehicles as its potential IPO draws nearer. Institutional appetite for exposure to the company has steadily increased in recent months.
The ETF continues to deliver strong results. Its 16.7% year-to-date return positions it favorably within the large-cap value category for 2026.
As of the June 17 announcement, the 0.012% allocation in SCHV marks SpaceX’s newest entry point into publicly accessible investment infrastructure.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
