SpaceX Becomes Top Holding in $97.7 Billion Vanguard Extended Market ETF
Vanguard recently updated its holdings, revealing that SpaceX (SPCX) has become the largest holding in the Vanguard Extended Market ETF (NYSEMKT: VXF), which includes over 3,372 stocks and holds $97.7 billion in assets as of June 30. Despite having a market cap of $1.63 trillion — placing it among the top U.S. companies — SpaceX's small public float led to its inclusion in an ETF typically focused on mid- and small-cap stocks. The Vanguard Extended Market ETF holds approximately 6.78 million shares of SpaceX, valued at around $1.158 billion. The fund follows a rules-based index that classifies stocks based on their float rather than total market cap, which explains why SpaceX appears in this particular ETF and not others like the Vanguard Growth ETF where it has only a minor weighting. As more shares of SpaceX become available for trading starting August 6, its presence is expected to shift across various ETFs. While it may grow as a holding in larger-cap funds, it could be removed from the Extended Market ETF due to changes in classification.
Tickers: $SPCX
Topics: index inclusion market cap SpaceX Vanguard ETFs