SpaceX May Be In Your 401k 6/26/26

Summary

Your Money Minute – SpaceX May Be In Your 401k (6/26/26)

Host: Jessica Ettinger, CNBC
Guests: Sharon Epperson, Joe Kernan
Duration: ~60 seconds
Air Date: June 26, 2026

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Episode Theme:

Exploring how investors may already own SpaceX after its landmark IPO—even if they never bought a single share directly.

This brisk episode demystifies how major IPOs like SpaceX can end up in your retirement portfolio through mutual funds and index-tracking funds, offering a quick look at the mechanics behind index additions and the ripple effects for everyday investors.

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Key Discussion Points & Insights

1. You May Own SpaceX Without Knowing

• Jessica Ettinger opens by highlighting that even if you didn’t participate in SpaceX’s record-setting IPO, you might still own a stake through retirement accounts or in mutual fund holdings.
• Quote:

  “Whether you bought shares of the biggest initial public offering of all time or not, Elon Musk's SpaceX, you may own a piece of the company anyway, without realizing it and without ever buying a single share.”
  — Jessica Ettinger (00:04)

2. Widespread Interest and Worry

• The discussion reflects public anxiety and excitement about SpaceX’s IPO. Many wonder if it’s too late to get in, or if owning SpaceX is unavoidable.
• Quote:

  "People are worried. If they didn't get in yet, should they still get in, right? They're gonna be in, right?"
  — Jessica Ettinger (00:21)

3. How SpaceX Gets Into Your 401k

• Sharon Epperson (via clip with Joe Kernan) explains that large mutual fund families were early SpaceX investors (Fidelity, Barron Capital, Franklin Resources, BlackRock, Neuberger Berman).
• Many investors, even those unaware, likely hold funds tied to indexes such as the Russell 2000 or NASDAQ.
• Quote:

  “You may already own this high flyer or you may soon in your 401k, IRA or your brokerage account.”
  — Sharon Epperson (00:24)

4. Index Funds & Rule Changes

• Major indexes like the Russell 2000 and, soon, the NASDAQ 100, are set to include SpaceX, thanks in part to quickened rule changes.
• Once included, these indexes force index-tracking mutual funds and ETFs—often held in 401(k)s and IRAs—to buy the shares.
• Quote:

  “SpaceX is already in the Russell and soon to come into the Nasdaq after the Nasdaq changed its rules to get it in there more quickly.”
  — Jessica Ettinger (00:41)

• The timeline:

  “NASDAQ adds a stock to the NASDAQ 100 after 15 days, or in this case, July 6.”
  — Jessica Ettinger (01:01)

5. Consequences for Investors

• The immense size—and likely volatility—of SpaceX means its addition could affect index performance.
• Quote:

  “SpaceX may be volatile, and it's so large so quickly it could move an index.”
  — Jessica Ettinger (01:20)

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Notable Quotes & Memorable Moments

• Jessica Ettinger:

  “You may own a piece of the company anyway, without realizing it and without ever buying a single share.” (00:04)

• Concerned Public:

  “People are worried. If they didn't get in yet, should they still get in, right? They're gonna be in, right?” (00:21)

• Sharon Epperson:

  “You may already own this high flyer or you may soon in your 401k IRA or your brokerage account.” (00:24)

• On Index Inclusion:

  “NASDAQ adds a stock to the NASDAQ 100 after 15 days, or in this case, July 6.” (01:01)

• On Volatility and Impact:

  "SpaceX may be volatile, and it's so large so quickly it could move an index." (01:20)

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Important Timestamps

• 00:04 – Introduction of SpaceX IPO and unintentional ownership
• 00:21 – Public worry about missing out
• 00:24 – Sharon Epperson explains fund and account exposure
• 00:41 – Explanation of index inclusion and rule changes
• 01:01 – Timeline for NASDAQ addition (July 6)
• 01:20 – Caution about volatility and index impact

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Conclusion

Jessica Ettinger succinctly breaks down how SpaceX’s monumental IPO reverberates throughout average Americans’ retirement and brokerage accounts—even for those who never set out to buy the stock. As SpaceX enters major indexes and funds via new rules, most investors are likely to find themselves along for the ride, whether they realize it or not.

For further details and the full report, visit CNBC.com.

Transcript

[A]

With a CNBC you Money minute. I'm Jessica Ettinger. Whether you bought shares of the biggest initial public offering of all time or not, Elon Musk's SpaceX, you may own a piece of the company anyway, without realizing it and without ever buying a single share. A lot of people are talking about it. They're talking about it in the family dinners. They're talking about

[B]

it. Churches on the street. Everybody wants to

[A]

be in. People are worried. If they didn't get in yet,

[B]

should

[A]

they still get in, Right? They're gonna be in, right? That's the CNBC's Sharon Epperson with Joe Kernan. You may already own this high flyer or you may soon in your 401k IRA

[B]

or your brokerage

[A]

account. That's because several mutual fund families were early investors in space X, including FMR Fidelity, Barron Capital, Franklin Resources, BlackRock and Neuberger Berman. And many individual investors do own funds that track indexes like the Russell 2000 and the NASDAQ. SpaceX is already in the Russell and soon to come into the Nasdaq after the Nasdaq changed its rules to get it in there more quickly. Nasdaq adds

[B]

a stock to the NASDAQ 100 after 15 days, or in this case, July6. So once space X is in these indexes, the stock will be added to mutual funds and exchange traded funds that track these benchmarks, including funds and ETFs in many 401ks and workplace retirement plans. Space

[A]

X may be volatile, and it's so large so quickly it could move an index. You can learn more and see Sharon's Full [e-mail] Jessica I'm Jessica Ettinger, CNBC.

[C]

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market Preview, delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and [e-mail] MarketUpdatePodcast or find Schwab Market Update. Wherever you get your podcasts.