ProShares has filed with the U.S. Securities and Exchange Commission to launch a new fund, the ProShares FAB 10 ETF. The proposed exchange-traded fund will focus on companies considered to be at the forefront of the artificial intelligence revolution and is expected to become effective on September 1, 2026.
The fund is set to include a mix of public and private AI leaders, notably featuring Space Exploration Technologies Corp. (SpaceX). It will also hold positions in Nvidia, Microsoft, OpenAI, and Anthropic. The ETF aims to provide investors with a vehicle that moves beyond the well-known 'Magnificent Seven' technology stocks.
This development is significant for SpaceX, which only recently went public in a highly anticipated IPO. Its inclusion in this and other ETFs offers investors a new way to gain exposure to the aerospace and communications company alongside other major names shaping the future of AI.