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Few would have expected Space Exploration Technologies (SPCX) to end up in a value-stock ETF. Yet that is exactly what happened when the newly public space and satellite giant was added to the Schwab U.S. Large-Cap Value ETF (SCHV), a fund traditionally associated with mature, cash-generating companies rather than high-profile growth stories. SCHV tracks an index of large-cap U.S. stocks exhibiting value characteristics and manages more than $15 billion in assets, making SpaceX’s inclusion a notable milestone for both the company and investors.
SCHV has added a small position in SpaceX, with the stock representing just 0.012% of the fund’s portfolio. While the allocation is too small to materially affect performance, it gives value-focused investors exposure to the newly public aerospace and satellite company and highlights SpaceX’s growing inclusion.
