Vanguard Communication Services ETF Increases SpaceX Holding by Nearly 40% in One Month
The Vanguard Communication Services ETF (VOX) has significantly increased its stake in Space Exploration Technologies Corp. (SPCX), adding nearly 39% to its holding within a single month, as more shares of the newly public company become available for trading. SpaceX's float—the number of publicly tradable shares—has been gradually increasing since its June IPO, which has led to higher index weightings and increased ETF buying activity. While some funds have slowed their purchases recently, VOX remains one of the most aggressive buyers. As of August 31, it held over a million SpaceX shares, making the company its eighth-largest holding. The fund's rapid accumulation suggests that as more shares unlock in coming months, SpaceX could become even more prominent within the ETF’s portfolio. This trend highlights how sector-focused funds like VOX can concentrate heavily on individual stocks due to their structure and index weighting rules.
Topics: ETFs SpaceX stock holdings Vanguard