SpaceX is potentially planning an initial public offering (IPO), although no official announcement has been made. The company, founded by Elon Musk, has indicated growth with its recent acquisitions of Starlink and xAI. SpaceX has reportedly generated approximately $20 billion from government contracts and achieved around $8 billion in profits on $15 billion in revenue in 2025, suggesting a profit margin exceeding 50%.
Investors seeking to gain exposure to SpaceX before its IPO can consider two options: the ERShares Private-Public Crossover ETF (XOVR), which indirectly holds SpaceX shares but has faced poor long-term performance, and the Destiny Tech100 closed-end fund (CEF), which has a smaller allocation to SpaceX but is not currently paying dividends and has dropped about 24% in value over the past year. Alternative strategies for exposure post-IPO might include the Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX), which offers an 8.9% yield and utilizes covered-call options to generate income.
