If You Own This Popular ETF, You'll Soon Own SpaceX Shares Too. Here's What You Should Know.
It's not optional, but the impact could be smaller than it seems.
If You Own This Popular ETF, You'll Soon Own SpaceX Shares Too. Here's What You Should Know.
Overview
When SpaceX makes its market debut on June 12, it'll be the largest initial public offering (IPO) in the stock market's history. Unsurprisingly, it has come with a lot of hype, but also a lot of scrutiny because of how the IPO is expected to be treated.
The S&P Dow Jones Indices, which manages the S&P 500, considered altering its rules to fast-track SpaceX as well, but it faced significant backlash and decided against it after a vote. The Nasdaq, however, altered its rules to fast-track SpaceX into its Nasdaq-100 index. Let's take a look at what that means.
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Details
Source
Originally published at www.fool.com.
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