Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDaniel Foelber, The Motley FoolSat, June 27, 2026 at 4:20 PM GMT+2 5 min readOn 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.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Space Exploration Technologies (NASDAQ: SPCX) -- 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.Image source: Getty Images.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.If SpaceX can scale its Starlink network of broadband and mobile satellites, it could make a case for joining the Dow one day. And coincidentally, that segment could one day surpass the network of the very company that just got booted from the Dow -- Verizon.But Starlink is merely one aspect of SpaceX's investment thesis. The bigger prize is artificial intelligence (AI) through SpaceX's ownership of xAI and its goal to launch millions of AI compute satellites in space. To support that vision, SpaceX plans to build a massive chip manufacturing plant called Terafab and an integrated AI satellite facility called Gigasat in Texas. CEO Elon Musk has an impressive track record unlocking manufacturing efficiencies with Tesla (NASDAQ: TSLA) -- but AI compute satellites will be far larger than Starlink satellites and carry far heavier payloads. To top it all off, SpaceX could face resistance from astronomers and nighttime sky viewers if it launches droves of AI compute satellites into Sun-synchronous orbit, causing unprecedented light pollution.Challenges aside, SpaceX is on the cusp of becoming an industry leader in space technology for decades to come -- from connectivity and AI satellites to launching payloads and maybe even interplanetary travel. If SpaceX can turn these big ideas into sustainable businesses for future growth, it stands a good chance of one day being added to the Dow.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info