TLDR
- Schwab U.S. Large-Cap Value ETF (SCHV) added SpaceX (SPCX) to its portfolio on June 17, 2026
- SpaceX makes up just 0.012% of SCHV’s total assets — a minor but symbolic allocation
- SCHV dipped 0.2% to $34.55 on Wednesday but is up 16.7% year-to-date
- SpaceX carries a GF Score of 14/100, with a profitability rank of just 2/10
- The company’s P/S ratio sits at 102.24, suggesting investors are pricing in heavy future growth
SpaceX has quietly landed inside one of Schwab’s flagship ETFs. The Schwab U.S. Large-Cap Value ETF (SCHV) confirmed on June 17 that it added Space Exploration Technologies Corp (SPCX) to its holdings.
Space Exploration Technologies Corp., SPCX
The weighting is small — just 0.012% of total assets. But the move puts SpaceX inside a mainstream investment vehicle as the company edges closer to its anticipated public market entry.
SCHV slipped 0.2% to $34.55 on Wednesday. The ETF is still up 16.7% year-to-date in 2026.
SpaceX currently trades at a price-to-sales ratio of 102.24. That’s a steep premium and signals the market is paying up for future growth potential rather than current performance.
The company has a market cap of around $2.61 billion. It operates within the industrials sector under aerospace and defense.
SpaceX recently acquired xAI, adding AI capability to its aerospace base. That deal has broadened how investors are thinking about the company’s long-term value.
Weak Fundamentals Behind the Hype
Despite the buzz, SpaceX’s financial health tells a more cautious story. Its GF Score from GuruFocus comes in at just 14 out of 100.
Profitability is the weakest link, scoring only 2 out of 10. The company is currently operating at a loss. Financial strength sits at a middling 5 out of 10.
These numbers won’t comfort value-focused investors. SCHV is typically home to established, cash-generating businesses — SpaceX is a different animal.
No insider buying or selling has been reported in the past 12 months. That could mean insiders are comfortable holding, or simply waiting to see how the public listing process unfolds.
GF Value data is not currently available for SpaceX, making a traditional intrinsic value assessment tricky. The high P/S ratio is the clearest signal of how the market is pricing expectations.
What the ETF Addition Actually Means
At 0.012%, the allocation is essentially a rounding error for SCHV. The ETF has total assets of around $2.61 billion, so the position is tiny by any measure.
The practical impact on SCHV performance will be minimal. But the symbolism matters — it reflects how SpaceX is starting to find its way into retail-accessible investment products.
SCHV’s inclusion follows a broader trend of SpaceX appearing in more portfolio vehicles ahead of its potential IPO. Institutional interest in the company has been building for months.
The ETF itself remains in solid shape. A 16.7% year-to-date gain puts it among the better performers in the large-cap value space so far in 2026.
As of June 17, the 0.012% weighting in SCHV represents SpaceX’s latest footprint in the public markets ecosystem.
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