Vanguard Communication Services ETF increases SpaceX stake

The Vanguard Communication Services ETF (VOX) has raised its holdings in SpaceX (SPCX) by 85.2% over two months, reaching 1,170,398 shares by August 31. As SpaceX shares continue to unlock, the company's weight in the fund could eventually reach 20%. While Vanguard classifies SpaceX as a communications stock, analysts question the risks of such high concentration in a single sector fund, especially given the stock's recent volatility.