SCHV: SpaceX's Inclusion In A Value ETF, Explained

The Schwab US Large-Cap Value ETF acquired a small position in SpaceX post-IPO, sparking controversy over style drift. SpaceX's unprofitability and high price-to-book ratio conflict with SCHV's value mandate. SCHV's policy allows up to 10% of assets outside its core methodology, likely explaining the move as a preemptive step for future index inclusion.