Vanguard Total Stock Market ETF Adds $3.2 Billion Stake in SpaceX
The Vanguard Total Stock Market ETF (VTI) has acquired a significant position of 18,738,438 shares in Space Exploration Technologies (SPCX), valued at approximately $3.2 billion as of June 30, representing about 3.4% of the company's IPO float. This move highlights how large ETFs can rapidly accumulate positions in newly public companies like SpaceX. Unlike VTI, Vanguard’s larger S&P 500 ETF will not begin buying SpaceX stock until it is added to the index—expected as early as June 2027. The purchase by VTI reflects its strategy of tracking a broad market index and acquiring shares in proportion to their float size. The addition has positioned SpaceX among other holdings within Vanguard’s lineup, with higher weightings found in more focused ETFs like the Vanguard Communication Services ETF (VOX), where it already accounts for 2.4%.
Topics: ETFs portfolio exposure SpaceX Vanguard VTI