SpaceX Lands on the Nasdaq-100: What Comes Next for Investors
Yahoo Finance ·
Space Exploration Technologies ( SPCX +2.38% ) , or SpaceX for short, recently became the largest initial public offering (IPO) in history. And at a market cap of about $2 trillion, it's already one of the world's most valuable companies. Its hefty valuation has led to the company's inclusion in several market indexes, including the popular growth and tech-focused Nasdaq-100 . Although companies don't typically join major indexes so soon after their IPOs, SpaceX is a special case due to its size and high profile. It's one of only a few publicly traded space companies and has immense upside in artificial intelligence (AI) following its merger with xAI earlier this year. Here's what SpaceX 's inclusion in the Nasdaq-100 actually means for investors right now. It's significant anytime a company joins an index, especially a popular one such as the Nasdaq-100. Now that it has added SpaceX, every index fund that tracks it must buy the stock in proportion to its weight in the index. Despite SpaceX's huge market cap, it won't represent much of the Nasdaq-100 at first.
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