Estimates: About 30% of SpaceX's Free Float Shares May Be Held by Passive Investors Just 15 Days After IPO

On June 10, academics and market observers stated that as index-tracking funds are likely to bring billions of dollars in buying power to SpaceX, the company's stock price could be further elevated, potentially creating a self-reinforcing feedback loop. It is reported that global index providers such as Nasdaq, FTSE Russell, and MSCI are preparing to quickly include SpaceX in their indices. The index rebalancing forecasting agency Intropic estimates that about 30% of SpaceX's free float shares may be held by passive investors just 15 days after the company's IPO.