Joel Shulman

Founder, CEO and CIO of ERShares, where he leads the firm’s venture-style public-market investing framework and ERShares Private-Public Crossover ETF strategy, including XOVR’s private-company exposure such as SpaceX.

Index Inclusion Could Bring SpaceX $25 Billion in Passive Demand

ERShares founder and CIO Joel Shulman told Bloomberg’s Ed Ludlow that SpaceX’s Nasdaq 100 inclusion should create a structural buyer base for the stock, even if the immediate trading move was lower. Shulman argued that passive index demand could reach about $25 billion across Nasdaq, Russell, MSCI and related flows, while his longer-term case rests on SpaceX’s launch-cost advantage, Starlink pricing power and a conditional opportunity in orbital data centers. His XOVR ETF has built SpaceX into its defining holding, with exposure rising to about $370 million after gains.

Bloomberg TechnologyJul 7, 20266 min read