Mega AI, space and tech IPOs will change index investing


Float-adjusted indexes are not allocating capital based on hype, they are allocating based on investable reality. Even with a relatively small float, SpaceX will probably be the largest IPO to date, so the dollar value available to trade will still be substantial, supporting deep liquidity and efficient price discovery. For most portfolios, the impact may be modest, but in the market, these mega IPOs will probably trade easily from day one.



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