It'll Be Awhile Before SpaceX Joins S&P 500 ETFs
Some market observers say it's an example of an index provider sticking to its principles, but SpaceX won't be gaining fast entry into the S&P 500.
It'll Be Awhile Before SpaceX Joins S&P 500 ETFs
Overview
Friday, June 12, is shaping up to be a memorable day in financial market history, as SpaceX stock will finally become available to the broader investing public.
Elon Musk's company is poised to shatter initial public offering (IPO) records, with reports indicating SpaceX will sell 555.6 million shares publicly to raise $75 billion at a valuation of $1.77 trillion. Yet for all the noteworthy footnotes attached to this IPO, SpaceX is going to miss out on a big one: faster-than-usual inclusion in the S&P 500 (SNPINDEX: ^GSPC).
SpaceX won't be gaining fast entry into S&P 500 ETFs. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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