“A founder is not a job, it’s a role, an attitude. And it’s something that can happen again and again and again, and in fact, it has to happen again and again and again, otherwise, we would not move forward.”
Jack DorseyJack Patrick Dorsey was born in Missouri. As Dorsey was growing up, he modeled, interned at the Mira Digital Publishing Company under Jim Makkilvi, and eventually moved towards dispatch routing: a procedure allowing workers to be assigned to vehicles or customers.
Dorsey is mainly self-taught and self-made. He started his career in disruptive technology when he created dispatching software for taxis and emergency vehicles. In 2006, he cofounded Twitter and served as CEO until 2008 and then again from 2015 to the present. Dorsey co-founded Square with Jim McKelvey in 2010 and served as CEO from 2012 to the present. Interestingly enough, between 2008 and 2015 Dorsey was engaged with the US State Department as part of several delegations to Iraq, Iran, and Russia.
The Square reader is a technological innovation pioneered by Dorsey, which allowed connecting physical smart devices to digital financial systems and the Internet. It empowered anyone with a cellphone and the reader to function as a small business capable of processing credit card payments. Before the reader, payment capabilities were fixed to a specific location, but Square made it possible to have mobile payment processing devices. This benefitted taxi drivers, food delivery drivers, babysitters, home cleaning services, or any other small business that was traveling from customer to customer. It has most definitely changed the lives of business owners and consumers.
We are sharing an update on XOVR's SpaceX exposure, performance, and four stages of innovation during the SpaceX IPO period.
From March 30 through June 15, 2026, XOVR's SpaceX exposure reflected more than $183 million of unrealized appreciation, including appreciation associated with SpaceX's IPO and commencement of public trading on NASDAQ on June 12, 2026.
Over the same period, XOVR appreciated approximately 30.71%, with SpaceX exposure contributing significantly to ETF performance.
The update also highlights four XOVR innovations: the private-public crossover ETF structure, the 0/0 SPV structure, a first-of-its-kind liquidity arrangement, and the Shareholder Protection Plan designed to prioritize existing long-term shareholders during the SpaceX IPO period.