Active ETFs Add SpaceX Shares After Nasdaq Debut

Several active ETFs bought shares of Space Exploration Technologies (SPCX) when the company began trading on Nasdaq. The IPO price was $135 per share; the stock closed at $160.95, a 19% gain that produced a $2.1 trillion market valuation.

Amplify’s BLOK, iShares’ DYNF, Baron First Principles ETF (RONB), MFS Active Growth (MFSG) and Fidelity Fundamental Large Cap Growth (FFLG) each established positions on the first day of trading. Fund managers executed secondary-market purchases to obtain immediate exposure rather than wait for index rebalancing.

The acquisitions spanned different investment approaches. BLOK is a thematic ETF focused on blockchain-related companies; DYNF follows a factor-rotation strategy; MFSG and FFLG are core growth funds. Baron’s RONB had held private-equity exposure to SpaceX within the ETF since 2017, prior to the company’s public listing.

Passive, index-based funds add new listings according to benchmark review schedules and rules-based inclusion criteria, which can delay purchases by days to months. Passive funds are expected to add SpaceX on forthcoming scheduled rebalances.

VettaFi LLC licenses the index used by BLOK and receives a licensing fee. VettaFi is not the issuer, sponsor or administrator of the Amplify ETF.