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Finance
If I Could Tell Every QQQ Investor 1 Thing About SpaceX's Nasdaq-100 Entry, It's This
Anyone expecting SpaceX to become a huge holding in the Nasdaq-100 index is likely going to be disappointed.
Space Exploration Technologies(NASDAQ: SPCX) joined the Nasdaq-100 index on July 7. If you own the Invesco QQQ ETF(NASDAQ: QQQ) or the Invesco Nasdaq 100 ETF(NASDAQ: QQQM), you now own a piece of it too.
SpaceX has gotten a lot of attention since its initial public offering (IPO). But now that it's getting added to major market indexes, the most important step is assessing its impact.
Details
What might surprise many people is that, despite its massive $2 trillion market cap, the stock isn't nearly as influential in the Nasdaq-100 as you might think. And that's perhaps the biggest takeaway from this story.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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