Schwab’s Large-Cap Value ETF Takes a Position in SpaceX (SPCX) Stock

Key Takeaways

• On June 17, 2026, the Schwab U.S. Large-Cap Value ETF (SCHV) incorporated SpaceX (SPCX) into its holdings
• The allocation represents merely 0.012% of SCHV’s portfolio — minimal in size but significant symbolically
• SCHV traded down 0.2% to $34.55 on Wednesday while maintaining a strong 16.7% gain year-to-date
• SpaceX shows troubling fundamentals with a GF Score of 14/100 and profitability ranking at 2/10
• Trading at a P/S ratio of 102.24 indicates market expectations are built around aggressive future expansion

Space Exploration Technologies Corp has made a discreet entrance into a major Schwab exchange-traded fund. On June 17, the Schwab U.S. Large-Cap Value ETF (SCHV) officially disclosed the addition of SpaceX (SPCX) to its investment portfolio.

Space Exploration Technologies Corp., SPCX

The position is modest — representing merely 0.012% of the fund’s total holdings. Nevertheless, this inclusion marks a noteworthy milestone as SpaceX moves incrementally toward its expected debut in public trading markets.

SCHV declined 0.2% to close at $34.55 during Wednesday’s session. Despite this minor pullback, the fund has posted impressive gains of 16.7% in 2026 so far.

SpaceX is currently valued at a price-to-sales multiple of 102.24. This elevated valuation indicates that market participants are betting heavily on the company’s future expansion rather than its present-day earnings.

The aerospace firm carries a market capitalization of approximately $2.61 billion. Its operations fall within the industrials sector, specifically focused on aerospace and defense technologies.

SpaceX’s recent acquisition of xAI has expanded its portfolio beyond traditional aerospace operations. This strategic move has influenced how market analysts evaluate the company’s future revenue opportunities.

Concerning Financial Metrics Beneath the Surface

While SpaceX generates considerable excitement, its underlying financial metrics paint a less optimistic picture. The company’s GF Score from GuruFocus registers at a concerning 14 out of 100.

Profitability represents the most glaring weakness, earning just 2 out of 10. The aerospace company is presently unprofitable. Its financial strength rating stands at a moderate 5 out of 10.

These metrics present challenges for value-oriented investors. SCHV traditionally holds established companies with proven cash generation capabilities — SpaceX represents a departure from this pattern.

Insider transaction data shows no purchases or sales over the past twelve months. This absence could indicate confidence among company insiders, or perhaps a strategic pause as the company prepares for public market participation.

GF Value calculations remain unavailable for SpaceX, complicating traditional fundamental analysis approaches. The extraordinarily high P/S multiple serves as the primary indicator of market sentiment and growth expectations.

The Real Significance of This Portfolio Move

With just 0.012% representation, this holding barely registers within SCHV’s overall composition. Given the ETF’s approximately $2.61 billion in assets under management, the absolute dollar amount invested is negligible.

The direct performance impact on SCHV will be virtually undetectable. However, the strategic importance shouldn’t be dismissed — this addition demonstrates SpaceX’s gradual integration into retail-accessible investment vehicles.

SCHV’s decision aligns with emerging patterns of SpaceX appearing in various fund structures as speculation around its IPO intensifies. Institutional appetite for exposure to the company has grown steadily in recent months.

The ETF continues to demonstrate strong performance fundamentals. Its 16.7% year-to-date return positions it favorably within the large-cap value category for 2026.

As confirmed on June 17, this 0.012% allocation in SCHV marks another step in SpaceX’s gradual emergence within publicly accessible investment markets.

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