ETF Edge on how SpaceX and other upcoming mega IPOs could rock the ETF industry

Watch on YouTube ↗  |  June 10, 2026 at 23:17  |  18:39  |  CNBC
Speakers
Todd Sohn — Chief ETF Strategist, Strategas Securities
Peter Haynes — Head of Index and Market Structure Research, TD Securities

Summary

The episode discusses how the SpaceX IPO and upcoming mega IPOs could reshape ETFs and indices. Peter Haynes explains the index inclusion timelines, rebalancing dates, and the significance of future lockup share releases. Todd Sohn analyzes the shift from the S&P 500 to other indices for SpaceX exposure and the role of thematic and levered ETFs.

  • SpaceX IPO is a roughly $75 billion offering with a small initial float.
  • S&P 500 will exclude SpaceX for at least a year, pushing investors to NASDAQ 100 and Russell 1000 growth.
  • Key index rebalancing dates include June 18, June 26, and July 6, which could drive volatility.
  • Lockup share releases later in 2023 will trigger much larger index adjustments.
  • Thematic space ETFs face boom-bust risk and may see post-IPO asset turnover.
  • Levered single-stock ETFs on SpaceX are expected to launch and see high demand.
Ideas
Peter Haynes Head of Index and Market Structure Research, TD Securities 8:21
Watch SpaceX volatility around rebalance dates
Later in the year when locked-up SpaceX shares are released and become freely tradable, the resulting index adjustments (September, November, December) will be much more significant events than the IPO inclusion, potentially causing large price impacts and volatility.
SPCX HIGH
Todd Sohn Chief ETF Strategist, Strategas Securities 9:46
Favor NASDAQ 100 and Russell 1000 Growth
S&P 500 will not include SpaceX for at least a year and is setting a precedent that major mega-cap IPOs won't be included, so investors seeking that growth exposure will shift to the NASDAQ 100 and Russell 1000 growth, creating index dispersion and potential outperformance relative to the S&P 500.
QQQ Russell 1000 Growth HIGH
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This CNBC video, published June 10, 2026, features Peter Haynes, Todd Sohn discussing SPCX, QQQ, Russell 1000 Growth. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Peter Haynes, Todd Sohn  · Tickers: SPCX, QQQ, Russell 1000 Growth