By Caitlin McCabe

SpaceX's forthcoming IPO is shaping up to be one of the most-anticipated financial events of the summer. For investors who can't wait, there are some ways to get exposure to the high-flying rocket company now.

For most retail investors, the simplest and more direct way will be to buy diversified funds that offer exposure to the rocket company.

Among the most prominent of these funds are Cathie Wood's $862 million Ark Venture Fund and Ron Baron's $10.4 billion Baron Partners Fund, both of which count SpaceX as their top holding. In the U.K., both Scottish Mortgage Investment Trust and Edinburgh Worldwide Investment Trust-the fund that has been embroiled in a bitter fight with hedge-fund manager Boaz Weinstein-also have sizable SpaceX stakes.

But there are other ways to get exposure to Elon Musk's rocket company. In fact, you might already have some of it in your own stock portfolio.

Alphabet, for example, is poised for a big windfall, thanks to its early investments in SpaceX. In a regulatory filing in Alaska last month, the rocket company said Google LLC owned a 6.11% stake in SpaceX at the end of last year.

That stake may have since been diluted by SpaceX's merger with xAI in February. Even so, with SpaceX expected to target a valuation of more than $1.5 trillion at IPO, Google parent Alphabet is probably sitting on quite the substantial gain.

Other companies with exposure include Nvidia and Cisco Investments-the venture-capital arm of Cisco Systems-which invested in an xAI funding round earlier this year.

Now, a word of caution: As my colleague Hannah Erin Lang writes, just because you can get exposure to a pre-IPO company, doesn't necessarily mean you should. Read more about what you need to keep in mind:

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May 21, 2026 08:36 ET (12:36 GMT)

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