SpaceX's IPO Is Reshaping the Most Popular ETFs on Wall Street. Here's What That Means for Your Portfolio.

SpaceX, which went public on June 12 with a $2 trillion market cap, has been added to major ETFs including the Nasdaq-100. However, despite being one of the world's 10 largest companies, SpaceX's weighting in popular index funds remains minimal due to its lower free-float market cap ratio. This means the stock's volatility will have minimal impact on these ETFs, and investors in these funds need not make portfolio adjustments.