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FTSE Russell Adds SpaceX, Triggers $3 B Index Purchases

6/26/2026

Summary

SpaceX Joins Russell

FTSE Russell will add SpaceX (NASDAQ:SPCX) to its Russell U.S. indexes after Friday’s close, prompting funds to buy $3 billion of shares.
SpaceX closed Thursday at $153 after a June 16 high of $225.64, staying above its $135 IPO price.
SpaceX will join the Nasdaq-100 in early July, prompting large index funds—including Invesco QQQ and those tracking the Russell indexes—to purchase about 17.3 million shares (?21% of short interest, 2.7% of free float).

Summary

FTSE Russell Reconstitution

FTSE Russell will conduct a Russell index reconstitution, with the overhaul effective close on Friday, June 28 2026.
Melissa Roberts of Stephens estimates the change will trigger $150 billion of trading.
Catherine Yoshimoto of FTSE Russell said June reconstitution adds no rule changes and applies fast-entry rule for IPOs announced in May.
Bloom Energy will move from the Russell 2000 to the Russell 200.
Micron Technology and SanDisk will join the Russell 1000 index, showing optimism.

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SpaceX Joins Russell

FTSE Russell will add SpaceX (NASDAQ:SPCX) to its Russell U.S. indexes after Friday’s close, prompting funds to buy $3 billion of shares.
SpaceX closed Thursday at $153 after a June 16 high of $225.64, staying above its $135 IPO price.
SpaceX will join the Nasdaq-100 in early July, prompting large index funds—including Invesco QQQ and those tracking the Russell indexes—to purchase about 17.3 million shares (?21% of short interest, 2.7% of free float).

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