NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- KraneShares, a leading provider of exchange-traded funds (ETFs) focused on transformative thematic and global market opportunities, has announced a portfolio update for the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX).
Following the merger between SpaceX and xAI1, AGIX’s xAI shares, which represented approximately 3.38% of the portfolio as of Feb. 2, 20262, have been converted into shares of the combined SpaceX entity.
Final share counts, valuation marks, and resulting portfolio weights may be updated as additional information about the merger becomes available. No action is required by AGIX shareholders in connection with the xAI–SpaceX merger or the resulting conversion of xAI shares into SpaceX shares.
According to public sources, SpaceX is evaluating a potential initial public offering (IPO) later in 20263, which could serve as a future liquidity catalyst for existing private shareholders, though any such transaction remains uncertain and subject to market conditions. As with other private holdings within AGIX, like Anthropic, its SpaceX position will be valued in accordance with AGIX’s established fair valuation procedures.
“AGIX continues to execute on its mandate of providing exposure to select private AI opportunities within a liquid ETF wrapper,” said Derek Yan, CFA, Senior Investment Strategist at KraneShares. “We believe that through holding both SpaceX and Anthropic, AGIX offers investors access to two of the most cutting-edge private AI innovators. Developments such as SpaceX’s plan to run AI data centers in orbit4 and Anthropic’s CoWork platform update highlight the evolving AI investment landscape. We believe AGIX is a tool for investors seeking to stay on top of, and potentially benefit from, these changes.”
For performance, holdings, risks, and additional details about the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), please visit https://www.kraneshares.com/etf/agix/.
Company developments are speculative and may change or have no impact on the company or the Fund. They are for illustrative purposes only and not predictions of future results.
About KraneShares
KraneShares is an investment manager focused on providing innovative, high-conviction, and first-to-market ETFs based on extensive investing knowledge. KraneShares identifies groundbreaking capital market opportunities and offers investors cost-effective and transparent tools for gaining exposure to diverse asset classes. Founded in 2013, KraneShares serves institutions and financial professionals globally.
Citations:
- Data from “Musk’s SpaceX Combines With xAI at $1.25 Trillion Valuation,” Bloomberg, as of 2/2/2026.
- Data from Bloomberg as of 2/2/2026.
- Data from “SpaceX weighs June IPO timed to planetary alignment and Elon Musk’s birthday,” Financial Times, as of 1/28/2026.
- Data from the SpaceX company website as of 2/4/2026.
Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting https://kraneshares.com/etf/agix/. Read the prospectus carefully before investing.
Risk Disclosures:
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.
AGIX may invest in derivatives, which are often more volatile than other investments and may magnify AGIX’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. AGIX is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause AGIX to suffer losses.
The Fund may invest in privately-issued and private company securities, which are generally not registered, may carry resale restrictions, and often lack active markets. These investments can be less liquid, harder to value, and subject to larger price swings, which may result in delays or higher costs when buying or selling. Private companies may have limited operating histories, smaller or less established businesses, fewer financial resources, and less available information. They may be more vulnerable to competition, market conditions, or economic downturns. A liquid market for their securities may never develop, and IPOs, if they occur, can be volatile and may negatively affect the Fund’s investment.
Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.
AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. AGIX is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. AGIX may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as AGIX increases in size, the impact of IPOs on AGIX’s performance will generally decrease.
Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. AGIX is new and does not yet have a significant number of shares outstanding. If AGIX does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. AGIX’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, AGIX is subject to loss due to adverse occurrences that affect that concentration.
A large number of shares of AGIX are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. AGIX is non-diversified.
ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.
The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.
