SpaceX Enters Major Index Funds Shortly After IPO
Following its June 12 IPO and subsequent market volatility, SpaceX was added to several major U.S. stock indexes within weeks, including the CRSP US Total Market Index on June 18 and Russell 1000 later in June. This inclusion triggered automatic passive buying by index funds like VTI and IWB, with an estimated $4–7 billion and $6–9 billion respectively flowing into SpaceX shares.
Topics: ETF inflows index funds passive investing SPACs