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International Business Times

Business

How Hedge Funds Made Billions From Forced Buying of SpaceX Shares By Index Funds

SpaceX Hedge Funds IPO Russell

Gwynne Shotwell (c), SpaceX President and Chief Operating Officer, celebrates with SpaceX employees and executives after they rang the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026. (Credit: Timothy A. Clary/AFP)

KEY POINTS

Inclusion into the Nasdaq 100 forced passive index funds to automatically SpaceX shares regardless of price.
Hedge funds anticipated index rebalancing and positioned ahead of mandatory buying by passive index funds to monetize a predictable surge in demand.
Because index-rebalancing opportunities occur within narrow trading windows, large hedge funds used prime-broker leverage to build outsized positions and maximize returns from predictable market flows.

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