---
title: "Active ETF offers exposure to Elon Musk’s SpaceX, Bloomberg reports"
description: "Active ETF Baron First Principles ETF has acquired a 22% stake in Elon Musk's SpaceX, as reported by Bloomberg. This investment could provide significant arbitrage opportunities for investors ahead of"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273549820.md"
published_at: "2026-01-23T19:20:42.000Z"
---

# Active ETF offers exposure to Elon Musk’s SpaceX, Bloomberg reports

> Active ETF Baron First Principles ETF has acquired a 22% stake in Elon Musk's SpaceX, as reported by Bloomberg. This investment could provide significant arbitrage opportunities for investors ahead of a potential public offering. The ETF, managed by Ron Baron, also holds stakes in Musk's xAI and Tesla. Despite the intriguing nature of these investments, the fund has seen a slight decline since its launch on December 15.

Active ETF Baron First Principles ETF has added a large stake in Elon Musk’s privately held SpaceX, according to Bloomberg ETF Analyst Eric Balchunas, who reported on Friday that SpaceX now make up 22% of the fund’s portfolio.

If accurate, such a stake would open up a potentially big arbitrage opportunity for those looking to get access to some of the eccentric billionaire’s privately held business empire, ahead of any public offering of the shares—which is reportedly in the works for this year.

Run by mutual fund manager Ron Baron, the ETF also owns stake in other Musk vehicles such as privately held xAI and publicly traded Tesla, Balchunas says, noting that direct exposure to such privately held Musk properties should “turn a lot of heads.”

Oddly, it hasn’t so far. The fund — which has only been trading since Dec. 15 — is down slightly on the day.

### Related Stocks

- [RONB.US - Baron First Principles ETF](https://longbridge.com/en/quote/RONB.US.md)
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- [TSLA.US - Tesla](https://longbridge.com/en/quote/TSLA.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
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| SpaceX 據報考慮雙重股權結構 強化馬斯克控制權 | SpaceX 正考慮在即將進行的首次公開招股（IPO）中採用雙重股權結構，以增強馬斯克的控制權。此結構將為部分股東提供額外投票權，允許馬斯克即使持有少數股權也能主導公司決策。SpaceX 計劃在今年進行 IPO，規模可能高達 500 億美元 | [Link](https://longbridge.com/en/news/275961202.md) |
| 在 2026 年 SpaceX 首次公開募股之前，你需要了解的關於 SpaceX 與 xAI 合併的事項 | SpaceX 的首次公開募股（IPO）將比你想象的要昂貴得多 | [Link](https://longbridge.com/en/news/276534278.md) |
| 馬斯克稱 SpaceX 重心轉移月球 料 10 年內建「可自我發展城市」 | SpaceX 執行長馬斯克宣佈，公司重心轉向在月球建立「可自我發展的城市」，預計在 10 年內實現。儘管計劃在 5 至 7 年內啟動相關工作，但他強調保障人類文明未來是首要任務，月球登陸是更快的途徑。同時，SpaceX 已同意收購 AI 初 | [Link](https://longbridge.com/en/news/275255028.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.