SpaceX Added to Major Indexes, Triggering Automatic Buying by Funds
Following its IPO on June 12, SpaceX has been added to the Russell 1000 and will join the Nasdaq-100 in early July. This inclusion is expected to trigger automatic purchases of over $8 billion worth of shares from index-tracking funds, indirectly adding the stock to millions of investor portfolios.
Topics: index funds IPO Nasdaq-100 Russell 1000