You might buy SpaceX stock without even realizing it
Niv Bavarsky
On Tuesdays, the Brew’s Matty Merritt brings you the news you need to make life a little easier during your 9-5, 5-9, or OOO. Not long ago, index funds were considered a pretty boring investment—a good place to park cash that you didn’t want to get swept away in the volatile ups-and-downs of hot new trades because of the rules governing which companies were included. That’s also what made them one of the most popular features of Americans’ retirement accounts. But just a week after SpaceX’s IPO on Friday, it will be able to slide into some index funds, despite reporting billion-dollar losses last year and the first three months of 2026. Which ones? Those that track the stocks of the Nasdaq and FTSE Russell indexes. Within the last few months, both changed their methodology for when a company can join the indexes after becoming public. Now, what used to be a roughly three-month wait period is just five days for some of FTSE Russell’s indexes and 15 for the Nasdaq. But the S&P keeps the wait. On Friday, S&P Global said it wouldn’t change rules to fast-track stocks into the S&P 500, which would prevent the nearly $7.5 trillion in passively managed funds that follow it from being invested in both SpaceX and other massive IPOs expected this year, like Anthropic and OpenAI. |
No comments:
Post a Comment