XOVR ETF bought more SpaceX, now 23% of the ETF
Looks like XOVR ETF bought more SpaceX exposure and is now around 23% SpaceX as of 5/21/26. That’s way higher then I expected compared to some of the other ETFs people mention.
Allocations are:
• XOVR ETF = 23% SpaceX exposure
• NASA ETF = 5% SpaceX exposure
• RONB = 4% SpaceX exposure. I don’t own RONB
I own both XOVR and NASA. To me NASA is more of a short-term space/IPO hype trade. The space names it holds have run hard and a good chunk of that looks momentum-driven, so there’s real sell-the-news risk once SpaceX actually prices. Many of those names are small-cap and foreign-listed, so the float is thin and they could get volatile if sentiment turns or if traders start to short these stocks. Worth keeping in mind too: as NASA raises AUM and deploys it into the same names, that buying helps support prices on the way up. That’s a tailwind in an uptrend, but something that can fade if inflows slow.
I treat XOVR as more of a core, longer-term position. It hasn’t ripped the way NASA has the last few months, but it should carry lower beta and shallower drawodwns. I’ve got Cathie Wood PTSD, so anything that goes vertical I trade around rather than marry. XOVR’s SpaceX weighting is meaningful exposure and I’m happy to hold the rest of the book as long-term core positions.
Also worth saying: neither XOVR nor NASA is the same as owning SpaceX stock directly. Both get SpaceX exposure indirectly through SPVs, so anyone buying should actually read the details and not just chase the headline. And NASA specifically is pretty much misleading retail here, the way it markets the exposure makes it sound like a direct SpaceX position when it’s really an SPV-wrapped stake. XOVR labels it straight, NASA doesn’t, so it’s just not transparent on NASA’s side. They should be calling it the way XOVR does, flagging it as indirect exposure outright instead of letting retail front-run an IPO thinking they’re long the actual stock.