VOO's $1 Trillion Problem: Why SpaceX Stays Out Until 2027
SpaceX is currently ineligible for inclusion in the S&P 500 index, and by extension the VOO ETF, due to strict seasoning and profitability requirements. The company will not meet the earliest possible criteria for index entry until June 2027.
Why it matters
Investors in major index funds like VOO are currently unable to gain exposure to SpaceX, highlighting the gap between private market hype and institutional index eligibility rules.
SpaceX is now publicly traded and sitting just outside the reach of the world's largest ETF, and the rulebook keeping it out raises real questions about what VOO holders should do while they wait.
⧉ Quick Read VOO, now a $1 trillion ETF, cannot hold SpaceX until at least June 2027 due to the S&P 500's mandatory 12-month seasoning rule. SPCX offers SpaceX exposure today; SpaceX's $5 billion 2025 net loss and 3% float independently disqualify it from the S&P 500.
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Vanguard’s S&P 500 ETF ( NYSEARCA:VOO ) crossed $1 trillion in assets earlier this year, the first ETF ever to do so. None of that capital can own SpaceX today, and won’t be able to for many more months.
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