There is a quiet shift underway within the ETF universe where asset managers are increasingly relying on public funds to offer exposure to high-profile private corporations, with SpaceX emerging as a focal point amid renewed speculation about a potential IPO later this year.

Baron Capital's Baron First Principles ETF (NYSE:RONB) has garnered significant attention due to its allocation of around 14% of its portfolio to Elon Musk’s aerospace company, as noted by The Daily Upside. This development showcases the increasing efforts made by ETF issuers to bridge the gap between public markets and venture-style investing, an arena historically dominated by institutions and ultra-wealthy investors.

SpaceX Exposure Still Rare, But Growing

A small but growing group of funds is exploring similar strategies. The Entrepreneur Private-Public Crossover ETF ...