You can now own pieces of both Tesla and SpaceX through a single ticker called ELOL, which just landed on Nasdaq. use Shares launched the fund under its Themes brand in early August, bundling 100% unlevered exposure to Musk's electric car company and his private aerospace operation. The move came right after SpaceX joined the Nasdaq-100 index, suddenly making it tradeable for retail investors who previously had almost no way to bet on the rocket maker through public markets.
The fund charges 0.99% annually, which is steep compared to broad market ETFs sitting at 0.03% to 0.20%. But for traders chasing event-driven moves tied to either company, paying that fee gets them a cleaner execution than hunting for SpaceX shares on secondary markets or trying to construct the bet manually.
What ELOL actually delivers
Despite the issuer name "use Shares," this isn't a leveraged product. You get 100% of Tesla's daily movements plus 100% of SpaceX's daily movements in one wrapper, nothing more. No 2x multiplier, no borrowed capital, no synthetic derivatives underneath. It's straightforward: own both, track both, move when both move.
use Shares already operates leveraged SpaceX products across European markets, so the US expansion on Nasdaq represents a push into the world's deepest capital market. SpaceX's recent inclusion in the index removed the biggest barrier for retail access, opening the door to products like this.
The concentration bet comes with real teeth
Putting Tesla and SpaceX into one fund amplifies what was already a high-wire act. Tesla stock swings harder than most large-cap names. SpaceX carries aerospace risk that won't disappear, regulatory uncertainty, launch failure potential, and the brutal capital requirements of building rockets. A single Musk-related scandal or controversy could crater both holdings simultaneously in ways a diversified portfolio wouldn't experience.
The fund targets active traders hunting short-term volatility, not buy-and-hold investors building long-term wealth. The concentration risk is baked into the product design.
This is informational analysis only, not financial advice. Consult a licensed advisor before making investment decisions.
