PANews reported on May 24th that, according to Business Insider, SpaceX is expected to list on Nasdaq on June 12th, raising $500-750 billion with a valuation of $1.75-2 trillion. Due to its extremely low free float (only 2.86%-3.75%, far below the 80%+ level of the broader US stock market), while a trillion-dollar market capitalization is expected, its initial index weighting will be limited, becoming a key variable.

The index inclusion schedule has been clarified:

1. CRSP Index (VTI/VUG): After the rule optimization, it can be included 5 trading days after the IPO, with a weight of about 0.07%-0.26%.

2. Nasdaq 100 (QQQ): The new "fast-track inclusion" rule took effect on May 1, and companies will be added 15 trading days after listing (around early July), with a weighting of 0.47%-0.70%.

3. Russell 1000 (IWB/IWF): Expected to be included in September, with the Growth index added in the December Review, with a weight of 0.08%-0.24%.

4. S&P 500 (SPY): The rules are under review until May 28. If the profitability and trading period requirements are relaxed, it may be included in mid-2027, with a weighting of 0.08%-0.12%.

Analysts point out that the low free float will result in a relatively low initial weighting for SpaceX, and differences in index rules will lead to significant divergence in SpaceX exposure across similar ETFs. Passive funds will rebalance their portfolios as inclusion occurs, potentially triggering hundreds of billions of dollars in buying interest for Nasdaq 100-related ETFs.