- Nvidia and SpaceX conducted an IPO in the US market, with trading volume benchmarked against rivals.
SpaceX IPO pushes mega-cap market breakpoint higher in Morningstar Index
1 report, 1 independent
Updated Fri 00:00
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What happened
SpaceX, which listed on June 12, 2026, was added to the Morningstar US Total Market Index in September 2026. The company entered as a mega-cap constituent, which pushed the mega/mid-cap breakpoint up to $99.6 billion, a 5.7% increase from the June 2026 ranking. Without SpaceX, the breakpoint would have been approximately $97.7 billion.
From investmentnews.com
Why it matters
The inclusion of SpaceX redefined the threshold for mega-cap companies within the Morningstar US Total Market Index. The September ranking showed that the top 10 companies in the index account for approximately 35.1% of the total market capitalization.
Nvidia and SpaceX conducted an IPO in the US market, with trading volume benchmarked against rivals.
From investmentnews.com
Who's involved
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The entities involved
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