How to gain exposure to SpaceX on Freetrade

Ahead of SpaceX’s IPO, there are many ways to gain indirect portfolio exposure to the company on Freetrade. A handful of investment trusts have secured weighty holdings in SpaceX, and some public companies also have some degree of exposure.

Find out how you can gain indirect exposure to SpaceX before it goes public. 

What is SpaceX?

SpaceX, founded and led by Tesla and xAI CEO Elon Musk, has its sights set on the stars. The ultimate objective of the company is to facilitate mankind’s evolution into a multiplanetary species. 

It’s a lofty goal, and one which has led to understandable investor excitement. 

While it might be some way from spearheading an intergalactic human civilisation, the company currently conducts orbital launches, operates the Starlink satellite internet service, develops reusable rockets, and is a major contractor for NASA.

Can you invest in SpaceX stock?

At present, SpaceX is a private company. This means it is not yet publicly traded, making direct investment in its stock impossible for retail investors for the time being. 

However, the business is widely expected to pursue an IPO in the near future. 

When is the SpaceX IPO?

There is no date currently confirmed for SpaceX’s IPO. While reports and rumours suggest there are plans for the company to go public in 2026, potentially as early as June, there is no concrete date at the time of writing.

Any IPO has a good chance of breaking some records. Its reported target valuation of $1.75 trillion would make it the largest float in history. 

Due to the rules around IPOs in the UK and US, it’s not possible for UK retail investors to subscribe to the SpaceX IPO, even though it has been widely speculated that SpaceX may make some shares available to retail investors in the US. 

How to get exposure to SpaceX pre-IPO

Here is a list of collective investments which offer exposure to SpaceX. All holdings are up-to-date with portfolio listings at the time of writing (21 April 2026). This is not a recommendation to buy or sell any of these investments, and you should always do your own research. While investment trusts may provide indirect exposure to SpaceX, your investment is subject to the performance of the trust’s entire portfolio and its capital appreciation or depreciation, which can fluctuate both up and down.

1. Edinburgh World

SpaceX makes up 20.4% of this investment trust’s portfolio. The trust seeks to focus on tech and innovation across both public and private markets, and privately-owned quantum computing firm PsiQuantum is its second-largest holding after SpaceX. 

2. SMT

The Scottish Mortgage Investment Trust (SMT) has 19.3% of its portfolio in SpaceX. It also carries significant exposure to publicly-traded chip stocks Nvidia, TSMC, and ASML, as well as private equity exposure to TikTok owner Bytedance. 

‍3. Destiny Tech100

This closed-end investment trust aims to offer investors exposure to high-growth private tech companies. SpaceX is its top holding, comprising 16.2% of its portfolio. Other familiar names include AI innovators OpenAI and ShieldAI, and UK fintechs Revolut and Monzo. 

4. BG US Growth

The Baillie Gifford US Growth trust targets US public and private companies with long-term growth potential. Aside from a 14.9% holding in SpaceX, the trust has significant positions in privately-owned payments firm Stripe, and Mag 7 tech giants Amazon, Nvidia, and Meta. 

5. RIT Capital Partners

This investment trust mixes public and private companies, as well as flexible ‘uncorrelated strategies’ like bonds and real assets. Targeting long-term capital growth with a heavily diversified portfolio, SpaceX is the largest direct investment in the private equity focused section of its portfolio. 

6. Monks Trust

The trust’s most recent portfolio update lists SpaceX as accounting for 1.2% of its total portfolio. Despite some small holdings in private companies, the trust is heavily weighted towards listed equities. Its top holdings include TSMC, Nvidia, and Amazon. 

Other ways to gain exposure to SpaceX 

Aside from collective investments, you can also gain some indirect exposure to SpaceX through equities. 

Firstly, Google owner Alphabet has a reported ownership stake currently estimated at roughly 5% of SpaceX stock. The tech giant’s initial investment in the company dates back to 2015, but the approximate size of its interest was only revealed this month.

Elsewhere, satellite communication firm EchoStar is another stock that some investors seem to be using as a proxy. Its exposure is based on the fact that it agreed to receive SpaceX stock under amended definitive agreements. However, these transactions have not yet been completed. 

Other space stocks

If you’re keen on spacefaring stocks you can invest in right now, you don’t need to wait for the SpaceX IPO. There are plenty of already listed companies which are, quite literally, shooting for the moon. 

While some of these are already flying missions and generating revenues, the nature of their business means that their shares have been more volatile than other shares. 

Rocket Lab is one option for galactic exposure. The company currently launches satellites for third-party customers, as well as developing components and spacecraft.

AST Spacemobile is a satellite specialist and potential competitor for SpaceX’s Starlink service after the FCC okayed the expansion of its space-based mobile coverage. The company was among Freetrade’s most purchased stocks back in February. 

Finally, Intuitive Machines is a provider of space exploration infrastructure, with a particular focus on projects that span beyond Earth’s orbit. The business has contracted with NASA on multiple lunar missions.