You Might Already Own SpaceX Shares Through BlackRock

SpaceX shares have surged roughly 50% in their first days of trading (although shares are seeing pressure today), and the predictable response from anyone who missed an IPO allocation is the gnawing sense of having missed it. CNBC personal finance correspondent Sharon Epperson used a recent segment to push back on that anxiety with a surprising insight: many investors may already own SpaceX shares indirectly through BlackRock (BLK) funds without realizing it.

How You Might Own SpaceX Indirectly

Epperson explained that investors holding ETFs or mutual funds managed by BlackRock, such as the iShares Core S&P 500 ETF or the BlackRock Global Allocation Fund, may have exposure to SpaceX. BlackRock invests in private companies like SpaceX through its funds, providing indirect ownership to fund shareholders.

Context

The comments come amid intense investor interest in SpaceX, with shares rising about 50% since trading began. However, the stock is under pressure today, raising questions about the sustainability of the rally.

What This Means for Investors

For investors feeling they missed the SpaceX opportunity, it may be reassuring to know their portfolios might already include indirect exposure through BlackRock funds. However, investors should review their holdings to confirm this exposure, keeping in mind that indirect investment may not capture the full upside of direct ownership.