Key insights
- New NYSE rules could allow SpaceX inclusion in top 100 stock lists after 15 sessions, potentially leading to ETF inclusion. The timing of inclusion (immediate vs. rebalancing) is uncertain. A hypothetical early buyback scenario is speculated, potentially validating SpaceX's value due to low float and influencing ETF prices. This could create a feedback loop, encouraging further buying of SpaceX stock.
New NYSE rules should allow SpaceX to be considered a top 100 stock after 15 sessions, but would these be included in ETFs immediately, or after their next rebalancing (in December I think?)
Would there be a convoluted way for a certain billionaire to engage in a very early buyback of the stock in that case? It seems like SpaceX could become very highly validated especially due to the low float, making it officially maybe even a percent of some ETFs. I wonder if buying the ETFs to raise their value would encourage the buying of SpaceX stock to exchange for more ETFs.