Alphabet Joins Dow, Sparking Speculation SpaceX Could Be Next

On June 27, 2026, multiple reports highlighted Alphabet’s addition to the Dow Jones Industrial Average, announced June 23 as a replacement for Verizon. The coverage emphasizes how the index has modernized, with seven components replaced since 2020 to favor large growth companies. Analysts speculate SpaceX could follow due to its 82% share of U.S. space launches, membership in the $2 trillion valuation club, and Starlink expansion. A potential Tesla merger is cited as a possible catalyst, yet SpaceX’s 2025 net loss and ongoing borrowing temper near-term expectations. The narrative remains forward-looking rather than market-moving.