LLAP - Space sector lands more additions to the Russell 3000

The Russell 3000 now includes space companies Astra Space (NASDAQ:ASTR), Momentus (MNTS), Planet Labs (PL), Redwire (RDW) Rocket Lab (RKLB), Spire (SPIR), and Terran Orbital Corporation (LLAP) after the last round of revisions that went into effect on June 27. Looking ahead, Payload's Ryan Duffy said the inclusion could help struggling space SPACs in the long term by providing more access to capital. He noted that money managers of all types widely use indices like the Russell 3000 in their strategies, which could help demand for shares among both investors and funds that benchmark against the index. "About $12T in assets are currently benchmarked to or invested in products based on the Russell US indexes. Becoming part of a passive investment vehicle could lead to more liquidity and demand over time (though, to be fair, these are not normal times). This also means it may be time for companies that

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Space sector lands more additions to the Russell 3000