'Passive' investors who dodged bitcoin are now forced to own SpaceX shares three times more volatile

Gywnne Shotwell, President and COO of SpaceX, celebrates the SpaceX IPO with executives at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC In many ways, SpaceX is a lot like bitcoin : it has no earnings, no yield, is so far extremely volatile, and has about as many haters as it does hardcore believers. One big difference: no one's forcing you to own bitcoin. In the case of SpaceX, it sure feels like the opposite for many advisors and money-managers invested in index funds who will soon be owners of Elon Musk's astronomic ambitions when the stock is integrated this summer into some of the biggest exchange-traded-funds that are staples of most American's portfolios. "Vanguard and other large money managers who are going along with Nasdaq's mandate and rule change are betraying U.S. savers," said Ayman Saidi, partner at Strategic Investment Solutions, an Orland Park, Illinois-based RIA. "VUG in my portfolios will likely own SpaceX soon. This is why I like Dimensional Funds: they do not simply copy an index. It will be a major market distortion." 'VUG' is the Vanguard Growth Index Fund ETF . CRSP market indexes, Nasdaq, FTSE Russell, and MSCI have all made accommodations to integrate SpaceX within their large-cap trackers. Given SpaceX's monstrous $2.7 trillion market cap – the fifth biggest company in the world after Tuesday's 4.5% rally – it's likely to raise index-level volatility. …