SpaceX Set to Put 30% of Tradeable Shares in Passive Hands, Testing Markets (opens in new tab)

(Bloomberg) -- The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of Elon Musk’s company even higher, academics and market observers have warned.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Stocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapUS Launches Strikes Against Iran After Helicopter Shot DownOpenAI Joins a Massive AI IPO Pipeline Now Wort