Forget SpaceX's Nasdaq-100 Inclusion: This Is a Much Bigger Catalyst for Shares on July 7
This upside catalyst for Elon Musk's artificial intelligence and space infrastructure giant has completely flown under the radar.
Overview
Although earnings season is right around the corner, all eyes are on Elon Musk's Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) this week -- and with good reason.
A little over three weeks ago, SpaceX rewrote Wall Street's record books by raising $85.7 billion with its initial public offering (IPO), including the underwriters' option. Tomorrow, July 7, it'll once again alter history by joining one of Wall Street's most prestigious indexes, the Nasdaq-100. But what if I told you that SpaceX's entry into the Nasdaq-100 isn't tomorrow's biggest catalyst for the stock?
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Originally published at www.fool.com.