Chris Wood of Jefferies stated that investments in Elon Musk's SpaceX are driven by faith in his vision, highlighting $8.2 billion in trading volume for leveraged SpaceX ETFs and noting that index providers are altering inclusion rules for newly listed companies.

Who

Chris Wood (Jefferies' Global Head of Equity Strategy), Jefferies, Elon Musk, SpaceX, MSCI, S&P 500, index providers

What

When

Thu, 18 Jun 2026 23:59:59 GMT · 9h 27m ago

Where

US ·

Why

Investment in Musk-led companies is driven by faith in his vision; index providers are accelerating inclusion rules to trigger passive investment flows into newly listed stocks.

The Frontline Impact

How this affects you

Altered index inclusion rules by providers like MSCI could increase the dominance of US equities within global benchmarks, potentially shifting passive investment flows and affecting the asset management industry.

Story chain

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Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/markets/us-stocks/news/investing-in-spacex-all-about-believing-in-elon-musk-chris-wood-of-jefferies/articleshow/131851900.cms
HIGH

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