SpaceX Can Be Added to the Russell 1000 and Russell 3000 After Today -- Don't Take the Bait

SpaceX completed a record $75 billion IPO and will be added to the Russell 1000 and Russell 3000 indexes after just 5 trading days due to new expedited inclusion rules. However, the article warns retail investors to avoid the stock, citing concerns about artificially inflated prices from forced index fund purchases, an unorthodox insider lockup schedule that allows insiders to dump shares starting in August, and fundamental valuation concerns.