Meet the Vanguard ETF That Increased Its SpaceX Holding by 39% in 1 Month and Shows No Signs of Slowing Down
The unlocking of SpaceX shares is reshaping the communications sector.
Overview
Several exchange-traded funds (ETFs) have gradually increased their positions in Space Exploration Technologies (NASDAQ: SPCX) as additional shares have been unlocked. But the Vanguard Communication Services ETF (NYSEMKT: VOX) has been one of the most aggressive buyers.
When SpaceX held its initial public offering on June 12, 2026, only about 5% of shares were available for trading on the Nasdaq. As more shares are unlocked and sold, the number of shares available for trading by the public -- known as the float -- increases. So does SpaceX's weighting in indexes like the Nasdaq-100, which weights SpaceX based on a multiple of its float rather than its market cap until the float is big enough.
Details
Because of SpaceX's gradual unlocking, many ETFs have continued to buy SpaceX regardless of its share price, although some ETFs have slowed their purchases of SpaceX in recent months.
Source
Originally published at www.fool.com.