Millions of Investors Are About to Own SpaceX Stock Indirectly -- Whether They Want to or Not

SpaceX has been added to the Russell 1000 and will join the Nasdaq-100, forcing millions of index fund investors to own the stock automatically. However, the company remains unprofitable and trades at over 100x revenue, while the S&P 500 is keeping it out due to lack of profitability. The addition reflects index rules rather than investment merit.