星球日报|May 24, 2026 11:18
[SpaceX May Be Quickly Included in Major Indexes Like QQQ and VTI After IPO, Nasdaq 100 Weighting Could Reach 0.47%-0.7%]
Odaily Planet Daily reports that SpaceX is about to launch its IPO, with an expected fundraising scale of $50 billion to $75 billion, corresponding to a valuation of approximately $1.75 trillion to $2 trillion, potentially making it the largest IPO in history. Analysts point out that SpaceX's extremely high valuation means it could quickly be included in major indexes and ETFs after listing, with passive fund allocation potentially outpacing previous large IPOs. Based on current rules and potential reforms:
1. The CRSP indexes tracked by Vanguard's total market ETF VTI and growth ETF VUG could include SpaceX as early as five trading days after its IPO.
2. The Nasdaq 100 index tracked by QQQ could include SpaceX as early as 15 trading days after its IPO.
3. The Russell 1000 and Russell 1000 Growth indexes are expected to include SpaceX as early as September and December of this year, respectively.
4. The S&P 500 index tracked by SPY might include SpaceX in 2027 after rule modifications.
It is estimated that SpaceX's weighting in the Nasdaq 100 could reach 0.47%-0.70%, higher than its proportion in most float-adjusted market cap-weighted indexes. Analysts suggest that as the lock-up period ends and more internal shareholders sell their shares, SpaceX's float could increase in the future, further boosting its weighting in major indexes. However, SpaceX's current biggest issue lies in its low "float." Based on the current financing structure, its publicly tradable shares account for only about 2.86%-3.75%, far below the average of over 80% for most large U.S. tech companies. This will impact its weighting in indexes that use a "float-adjusted market cap weighting" mechanism. (BusinessInsider)
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