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SpaceX stock reacts to Russell index listing
SpaceX's stock faces fluctuations after joining the Russell indices, as it soared by 67% to reach an all-time high of $225.64 before retreating to $153 at close, despite remaining above the IPO price of $135. It is expected that its addition to the Russell indices will require investment funds to purchase nearly $3 billion worth of shares, with anticipation of its inclusion in other indices such as the Nasdaq 100 in July, which could further increase trading pressures. SpaceX is still not listed in the S&P 500 index due to not yet turning a profit, despite increased interest and commercial expectations.
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