SpaceX IPO could trigger biggest portfolio reshuffling in years

SpaceX's $135 per share IPO will raise $75 billion and reach a $1.8 trillion market cap. The offering is oversubscribed and will be added quickly to Nasdaq-100, Russell U.S. Equity, and FTSE Global Equity Indexes. Index funds must buy shares to maintain index composition, driving immediate demand and forcing portfolio reallocation.