Business & Finance
Duke's Harvey on Why SpaceX’s IPO Could Distort Passive Flows
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Jun 12th, 2026 Duke's Harvey on Why SpaceX’s IPO Could Distort Passive Flows Shares of SpaceX appear ready to jump when they start trading on Friday after Elon Musk’s company made history with a $75 billion IPO that instantly turned it into one of the biggest public companies in the world. Early indications of buying interest on Nasdaq pointed to a roughly 30% jump from the shares’ offering price of $135. The stock is expected to officially start trading later Friday under the ticker SPCX.
Jun 12th, 2026
Duke's Harvey on Why SpaceX’s IPO Could Distort Passive Flows
Shares of SpaceX appear ready to jump when they start trading on Friday after Elon Musk’s company made history with a $75 billion IPO that instantly turned it into one of the biggest public companies in the world. Early indications of buying interest on Nasdaq pointed to a roughly 30% jump from the shares’ offering price of $135. The stock is expected to officially start trading later Friday under the ticker SPCX. Campbell Harvey, Professor of Finance at Duke University's Fuqua School of Business, breaks down why the SpaceX IPO could expose major flaws in index construction, passive fund buying and market structure, with a tiny float and accelerated benchmark inclusion set to intensify demand.
[Image text:] SPACE
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