SpaceX (NASDAQ:SPCX) has long been synonymous with high-growth investing, finding a natural home in innovation, technology and space-themed ETFs. But following its blockbuster public debut and subsequent inclusion in major equity benchmarks, Elon Musk’s rocket company has landed somewhere few investors would expect: inside value ETFs. According to Morningstar, SpaceX is now held by 179 U.S.-listed ETFs, including several funds built around value investing—a category traditionally associated with mature, lower-valuation companies rather than fast-growing disruptors.
While SpaceX remains one of the market’s most closely watched growth stocks, its growing presence in value-oriented portfolios underscores how modern index construction has evolved. Rather than relying solely on valuation metrics, many value indexes and active managers blend measures such as profitability, cash generation and quality, allowing companies like SpaceX to enter portfolios that might once have excluded them.
