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Meet the Only Vanguard ETF That Has a Higher SpaceX Weighting Than the QQQ Nasdaq-100 ETF
['Daniel Foelber', 'The Motley Fool', 'July', 'Min Read']
Yahoo Finance
However, the percentage of shares available for public trading -- known as the float -- is roughly 5% of SpaceX's market cap.
As of June 30, the data shows that multiple Vanguard ETFs bought SpaceX in June, including the Vanguard Total Stock Market ETF (NYSEMKT: VTI), the Vanguard Growth ETF (NYSEMKT: VUG), the Vanguard Mega Cap Growth ETF (NYSEMKT: MGK), and the Vanguard Communication Services ETF (NYSEMKT: VOX).
But only one Vanguard ETF has a higher weighting in SpaceX than the Nasdaq-100.
That's significantly higher than the less than 0.5% weighting in the three Vanguard ETFs mentioned earlier.
Investors can expect SpaceX's weighting in the communications sector to grow as more shares are unlocked and traded on the Nasdaq.