FTSE Russell Modifies Rules, SpaceX to be Rapidly Included in Multiple Indices Post-Approval

Index compiler FTSE Russell announced that Elon Musk's space company SpaceX meets the newly revised fast inclusion thresholds and will directly enter the Russell U.S. Stock Index and the FTSE Global Equity Index Series after its IPO. Relevant public reports show that SpaceX plans to launch its roadshow on June 4th, with the fastest share sale possible on June 11th, and official listing on June 12th.

FTSE Russell's calculations show that SpaceX's current available investable market value is approximately $70 billion. This figure has far exceeded two key index admission criteria, including the $17.5 billion market value threshold required to enter the Russell Top 500 Index, and the $13.5 billion fast inclusion threshold set by the FTSE Global Equity Index Series.

Once officially listed, SpaceX is expected to be quickly included in core U.S. stock indices such as the Russell Top 50, Russell Top 200, and Russell 1000. On the global index level, the company also meets the stock selection criteria for flagship indices such as the FTSE Global All Cap, FTSE Global, FTSE World, and FTSE Global Large Cap, with its public listed total valuation potentially reaching up to $1.75 trillion.

SpaceX's listing is expected to be a core event in the global capital market this year, at the same time, high-valued startups such as OpenAI and Anthropic are also preparing for their initial public offerings.

However, FTSE Russell also pointed out that the current assessment is entirely based on SpaceX's existing S-1 prospectus and limited public information, and there might be a possibility of re-assessment based on the latest disclosed documents.