Key Points
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The Baron First Principles ETF (NYSE: RONB) holds a commanding 31.2% stake in SpaceX (NASDAQ: SPCX), making it the top investment among ETFs with significant exposure to Elon Musk’s space company.
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Founded by Ron Baron, who has a long history of backing Musk, the ETF debuted in December 2022 with assets of $238.5 million and features Tesla (NASDAQ: TSLA) as its second-largest holding at nearly 12%.
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Following SpaceX’s IPO, 28 ETFs have included the stock in their top 15 holdings within just five trading days after the listing, underscoring the rapid interest in this space equity.
Baron believes that SpaceX’s market value could soar to $20 trillion in the next decade, up from its current valuation of approximately $2.2 trillion. Investors are particularly keen on the ETF as it offers exposure to both SpaceX and Tesla, albeit with an annual fee of 1%.
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