1 ETF With a 31% Allocation to SpaceX

The Baron First Principles ETF (RONB) has allocated 31% of its assets to SpaceX (SPCX), the largest SpaceX allocation in any ETF. While SpaceX fits the fund's investment philosophy of disruptive, innovative companies, the concentrated position creates significant risk through lack of diversification, heightened volatility, and limited operating history. The article suggests this strategy appears designed to attract assets rather than serve sound long-term investment principles.