SpaceX could enter the Russell 1000 just five trading days after its IPO — as early as Thursday’s close. A Nasdaq-100 inclusion could follow on July 6 after 15 trading days.
Eight active funds — mutual funds, ETFs, and closed-end funds — currently hold positions in SpaceX that exceed 10% of their net asset value, according to Morningstar’s most recent data.
A number of active funds own SpaceX stock, including FMR, the parent company of Fidelity Investments, the nation’s largest 401(k) provider. FMR owns 0.98% of existing SpaceX shares across 46 Fidelity funds, according to S&P data.
Baron Capital Group owns 0.21% of the outstanding shares of SpaceX across seven funds. Franklin Resources, BlackRock, and Neuberger Berman also hold shares of SpaceX in several funds.
Since SpaceX listed on the Nasdaq with a low percentage of publicly traded shares — known as a small “float” — its initial impact and overall weight in these benchmark indexes will be modest.$ALICE
