SpaceX proxy fund investors want out before the June 12 IPO but may be trapped
Billionaires Africa | 01.06.2026 11:41
When SpaceX confirmed its IPO plans in December 2025, retail investors who could not access pre-IPO allocations moved fast. They poured money into every fund and ETF that held any SpaceX exposure they could find. The Destiny Tech100 Fund surged 27 percent. The Tema Space Innovators ETF tripled its assets to roughly $1.3 billion in a single week. The ERShares Private-Public Crossover ETF watched SpaceX balloon to 23 percent of its total assets. A net $14 billion flowed into proxy funds between December and May.
