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How Hedge Funds Made Billions From Forced Buying of SpaceX Shares By Index Funds

Hedge Funds Made Billions
International Business Times Fews App News Provider
Fews App Post Time 1h ago

Gwynne Shotwell (c), SpaceX President and Chief Operating Officer, celebrates with SpaceX employees and executives after they rang the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026. Timothy A. Clary/AFP KEY POINTSInclusion into the Nasdaq 100 forced passive index funds to automatically SpaceX shares regardless of price.

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