US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> is expected to go public on 12 June on Nasdaq at an offer price of $135, resulting in a market cap of $1.77tn.</li>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> is eligible for fast-entry into multiple US &amp; Global indices in June and July 2026 following updated methodologies.</li>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> is expected to experience upweights at upcoming reviews in 2027 following lock-up expiries as free float is expected to rise from 8% to 80% within 12 months.</li>
</ul>



SpaceX (SPCX US) is expected to go public on 12 June on Nasdaq at an offer price of $135, resulting in a market cap of $1.77tn.

SpaceX (SPCX US) is eligible for fast-entry into multiple US &amp; Global indices in June and July 2026 following updated methodologies.

SpaceX (SPCX US) is expected to experience upweights at upcoming reviews in 2027 following lock-up expiries as free float is expected to rise from 8% to 80% within 12 months.


SpaceX (SPCX US): Fast-Entry & Upweights Xpected Into US & Global Indices

Get Ahead with IPO Insights, IPO Prophet

IPO Prophet

Get Ahead with IPO Insights

At IPO Prophet®, our team leverages over three decades of expertise to deliver actionable quantitative analytics for the IPO market in real-time. This platform synthesizes our extensive experience investing in IPOs, providing investors with revolutionary tools to navigate the complexities of issuance day. Our mission is to empower investors with data-driven insights to make more informed decisions.

Equity Capital Markets

<ul><li>When most companies go public, investors spend their time evaluating the business.</li><li>They study the financials, compare valuations, and decide whether the opportunity justifies the risk.</li><li>SpaceX is different.</li></ul>

When most companies go public, investors spend their time evaluating the business.They study the financials, compare valuations, and decide whether the opportunity justifies the risk.SpaceX is different.

SpaceX Isn't Just the Biggest IPO Ever — It's the Biggest Test of the IPO Market Ever

Stock Picking & Investing, BluSuit

BluSuit

Stock Picking & Investing

Financial markets, high growth & innovative business coverage, macro economics, trading strategy and market insight

Equity Bottom-Up

<ul><li>I have been thinking a lot more about space lately.</li><li>Not in the vague, sci-fi way where every chart goes up and every company with a rocket render becomes investable. That is usually how people lose money in frontier markets.</li><li>The farther away the revenue is, the easier it becomes to confuse imagination for underwriting.</li></ul>

I have been thinking a lot more about space lately.Not in the vague, sci-fi way where every chart goes up and every company with a rocket render becomes investable. That is usually how people lose money in frontier markets.The farther away the revenue is, the easier it becomes to confuse imagination for underwriting.

Equity Long-Short

Mo Aziz

<ul>
<li>Bottom-Up SOTP yields US$54.5/share base case — a 60% discount to the US$135 IPO price. Even our bull case of US$101.80 falls short. AVOID.</li>
<li>Connectivity (Starlink) is the primary value driver at US$252bn. Space inflects post-Starship. AI is a data centre business with two contracts carrying 90-day termination clauses.</li>
<li>Near-Term momentum is real — 4% free float, US$5–8bn Nasdaq 100 passive inflows, Musk cult following. Long-term investors are buying sentiment, not valuation.</li>
</ul>


Bottom-Up SOTP yields US$54.5/share base case — a 60% discount to the US$135 IPO price. Even our bull case of US$101.80 falls short. AVOID.
Connectivity (Starlink) is the primary value driver at US$252bn. Space inflects post-Starship. AI is a data centre business with two contracts carrying 90-day termination clauses.
Near-Term momentum is real — 4% free float, US$5–8bn Nasdaq 100 passive inflows, Musk cult following. Long-term investors are buying sentiment, not valuation.


SpaceX (SPCX US): Comprehensive IPO Valuation — Fair Value US$54.5/Share; AVOID the IPO at US$135

<ul><li>✅ IPO PROPHET RATING:9.42/10🏦 Deal Quality &amp; Underwriters: 10/10 Space Exploration Technologies Corp. is expected to come public on Nasdaq under the ticker SPCX, offering approximately 555.55 million shares at $135 per share and targeting roughly $75 billion in proceeds.</li><li>The transaction would immediately rank among the largest IPOs ever completed and would represent the public debut of one of the most influential private companies in the world.</li><li>The company operates across commercial launch services, satellite communications, government and defense programs, advanced aerospace systems, space transportation, and global connectivity infrastructure.</li></ul>

✅ IPO PROPHET RATING:9.42/10🏦 Deal Quality &amp; Underwriters: 10/10 Space Exploration Technologies Corp. is expected to come public on Nasdaq under the ticker SPCX, offering approximately 555.55 million shares at $135 per share and targeting roughly $75 billion in proceeds.The transaction would immediately rank among the largest IPOs ever completed and would represent the public debut of one of the most influential private companies in the world.The company operates across commercial launch services, satellite communications, government and defense programs, advanced aerospace systems, space transportation, and global connectivity infrastructure.

IPO Rating: Space Exploration Technologies Corp.

United States

Space Exploration Technologies Corp., doing business as SpaceX, operates as an aerospace manufacturer and space transportation services company. The Company designs and manufactures rockets, human spaceflight, and global satellite internet services. SpaceX serves customers worldwide.

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SpaceX (SPCX US)

SpaceX (SPCX US): Fast-Entry & Upweights Xpected Into US & Global Indices

SpaceX set to achieve fast-entry into US & Global indices in June and July 2026 and see upweights in 2027 as free float rises following the 6...

Dimitris Ioannidis

SpaceX Isn't Just the Biggest IPO Ever — It's the Biggest Test of the IPO Market Ever

When most companies go public, investors spend their time evaluating the business. They study the financials, compare valuations, and decide...

IPO Prophet

The Next S-Curve May Leave Earth

Not in the vague, sci-fi way where every chart goes up and every company with a rocket render becomes investable. That is usually how people lose...

BluSuit

IPO Rating: Space Exploration Technologies Corp.

✅ IPO PROPHET RATING:9.42/10🏦 Deal Quality & Underwriters: 10/10 Space Exploration Technologies Corp. is expected to come public on Nasdaq...

IPO Prophet

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

SpaceX (SPCX US): Fast-Entry & Upweights Xpected Into US & Global Indices

​SpaceX set to achieve fast-entry into US & Global indices in June and July 2026 and see upweights in 2027 as free float rises following the 6...

Dimitris Ioannidis

SpaceX Isn't Just the Biggest IPO Ever — It's the Biggest Test of the IPO Market Ever

When most companies go public, investors spend their time evaluating the business. They study the financials, compare valuations, and decide...

IPO Prophet

The Next S-Curve May Leave Earth

Not in the vague, sci-fi way where every chart goes up and every company with a rocket render becomes investable. That is usually how people lose...

BluSuit

SpaceX (SPCX US): Comprehensive IPO Valuation — Fair Value US$54.5/Share; AVOID the IPO at US$135

​Bottom-Up SOTP analysis shows significant discount to IPO price, even our Bull-case scenario falls short. Near-term momentum driven by Musk cult...

Mo Aziz

IPO Rating: Space Exploration Technologies Corp.

✅ IPO PROPHET RATING:9.42/10🏦 Deal Quality & Underwriters: 10/10 Space Exploration Technologies Corp. is expected to come public on Nasdaq...

IPO Prophet

SpaceX set to achieve fast-entry into US & Global indices in June and July 2026 and see upweights in 2027 as free float rises following the 6...

Bottom-Up SOTP analysis shows significant discount to IPO price, even our Bull-case scenario falls short. Near-term momentum driven by Musk cult...