SpaceX set for Russell index inclusion after Friday’s close, prompting nearly $3 billion in passive fund buying

SpaceX is scheduled to be formally added to the Russell U.S. indexes after Friday’s close, triggering about $3 billion of mandatory buying by passive index funds. Most of the rebalancing is expected to be executed in the closing auction, concentrating demand into a short window and potentially creating a brief squeeze. The company is valued at 107 times its 2025 sales, far above peers such as Nvidia, and it is also slated to join the Nasdaq 100 in July, expanding index-driven demand further.