Key Points
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S&P Dow Jones Indices updated its policy on megacap stock additions to the S&P 500.
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SpaceX’s IPO is scheduled for June 12, aiming to raise $75 billion at a valuation of $1.77 trillion.
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SpaceX will not be added to the S&P 500 for at least 12 months post-IPO.
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The Vanguard S&P 500 ETF is more concentrated than the Vanguard Total Stock Market ETF.
SpaceX’s initial public offering (IPO) is set for June 12, 2026, with the company targeting $75 billion in funding and a valuation of $1.77 trillion. However, S&P Dow Jones Indices announced on June 4 that SpaceX, along with other megacap companies such as Anthropic and OpenAI, must wait 12 months post-IPO for consideration into the S&P 500 index.
The Vanguard S&P 500 ETF and the Vanguard Total Stock Market ETF each have an expense ratio of 0.03%, the lowest for index funds. While the S&P 500 ETF will not acquire SpaceX shares until it is officially part of the index, the Total Stock Market ETF will begin purchasing shares shortly after the IPO, regardless of index membership status.
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