ERShares In The News

In this episode, ERShares' Joel Shulman discusses why Starlink is increasingly viewed as a core part of SpaceX's long-term business profile, what continued SpaceX IPO speculation means for crossover investing, and why investors researching private-market exposure are closely following developments. We also examine XOVR, the ERShares Private-Public Crossover ETF, and how it is structured to provide exposure to private companies alongside publicly traded equities within a single ETF. As of January 5, 2026, XOVR disclosed approximately $205 million in indirect SpaceX exposure through a structured SPV, with no management fee or carried interest. For investors seeking SpaceX stock access or pre-IPO exposure, XOVR offers a Nasdaq-listed solution available today.

ERShares' COO and Chief Investment Strategist Eva Ados joined Bloomberg Radio to discuss XOVR ETF, SpaceX exposure, and why private-market access is becoming a defining theme for public-market investors. As companies like SpaceX stay private longer, investors are paying closer attention to structures that can bridge private-company exposure with public-market access. XOVR is the first ETF designed to provide exposure to private companies alongside public equities within a single ETF structure. In this Bloomberg segment, Eva discusses SpaceX, Starlink, AI infrastructure, and private-public crossover investing, and how ERShares applies its VC Lens to public markets through the Entrepreneur Factor® framework. With a potential SpaceX IPO widely seen as capable of reshaping the tech landscape, XOVR offers investors a Nasdaq-listed path to SpaceX exposure today.

SpaceX is still private, and that is exactly why this discussion matters. The biggest companies are staying private longer, which has changed what public investors are actually buying when they seek access to private growth (Morningstar, The Rise of Unicorns, 01/20/26). We built $XOVR to help address that gap through a public-market structure designed to offer private company exposure with daily liquidity and no restrictions on release. This is a technical discussion of the mechanics that matter most, including structure, fees, liquidity, valuation, investor rights, and portfolio construction. We also walk through Special Purpose Vehicles (SPVs), Exchange Traded Fund (ETF) wrappers, transfer restriction dynamics, and the questions investors should ask before allocating capital. Our view is simple: understanding the structure matters as much as believing in the company. That is how we think about SpaceX exposure and why we believe $XOVR matters. Not investment advice. All investments involve risk, including possible loss of principal. See ershares.com (http://ershares.com/) for disclosures. 0:00 Intro: Why Structure Is the Story 4:30 The Capital Formation Shift 8:45 SPV Mechanics: What You Actually Own 21:40 ETF Wrappers for Private Assets 30:49 The Public Sleeve and the Entrepreneur Index 43:30 Case Study: The SpaceX Scenario 46:00 IPO Lockup Patterns: What the Data Shows 53:22 What We've Learned