Alphabet Is Joining the Dow Jones Industrial Average. 3 Surprising Reasons Why SpaceX Could Be Next.

Yahoo Finance · 2026-06-27

On June 23, S&P Dow Jones Indices announced that Alphabet would be replacing Verizon Communications in the Dow Jones Industrial Average . Since 2020, seven of the Dow's 30 components have changed, including the additions of Honeywell International , Salesforce , Amgen , Amazon , Nvidia , Sherwin-Williams , and now Alphabet, and the deletions of RTX , ExxonMobil , Pfizer , Walgreens Boots Alliance, Intel , Dow , and Verizon. Space Exploration Technologies ( SPCX +0.15% ) -- otherwise known as SpaceX -- has only been public for a couple of weeks. But the company has a strong case for joining the Dow one day. Here are three reasons SpaceX could eventually join the Dow, and whether the growth stock is a buy now. With just 30 components, each Dow stock represents certain industries and a stock market sector . The strongest case for SpaceX joining the Dow is that it is the undisputed leader in the commercial space launch industry -- conducting 82% of U.S. space launches .

AI 시장 분석

6월 23일 S&P Dow Jones Indices announced that it will add Alphabet to the Dow Jones Industrial Average, replacing Verizon. Since 2020년 the Dow's components have seen multiple changes and the index has been restructured toward large technology, health, and industrial names. SpaceX(SPCX), after its recent listing, has carried out 82% of US commercial launches and is being cited as a potential future Dow inclusion. Alphabet's inclusion is expected to draw index-linked fund inflows and institutional attention, while SpaceX's growth should expand knock-on effects across aerospace, satellite communications, defense, and component suppliers.

상승 영향

Internet / Digital Advertising / Cloud / — Alphabet's Dow inclusion will attract index-linked fund inflows and increased institutional interest, benefiting advertising, cloud, and AI services.
Aerospace / Commercial Launch Providers — SpaceX(SPCX) conducts 82% of US commercial launches, securing market dominance and pricing power, which should materially benefit launch-service providers and related stocks.
Satellite Communications / Space Interne — Starlink's expansion will drive new subscribers and revenue diversification in communications markets, creating spillover effects for telecom equipment, content, and service companies.
Defense / Military Space & Launch Servic — Potential expansion of SpaceX's defense contracts could increase government orders and improve revenues for contractors, producing secondary benefits for defense companies.

하락 영향

Telecommunications (Wireless & Wireline) — Verizon's removal from the Dow may trigger outflows from index-tracking funds and weaken investor sentiment, causing short-term downward pressure on the stock and valuation downside.

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