SpaceX Faces $5.4 Billion in Index Buying as Short Sellers Circle
Updated
Updated · Bloomberg · Jun 26
SpaceX Faces $5.4 Billion in Index Buying as Short Sellers Circle
3 articles · Updated · Bloomberg · Jun 26
Summary
$5.4 billion of forced demand is set to hit SpaceX shares as index-tracking funds prepare for the stock’s entry into major benchmarks.
FTSE Russell is expected to add SpaceX to its flagship US and global indexes, including the Russell 1000, on Monday, with Nasdaq 100 inclusion following about a week later.
That mechanical buying could counter a recent loss of momentum in SpaceX stock after its blockbuster market debut and complicate bets by short sellers targeting Elon Musk’s newest public company.