SpaceX Has Joined the Nasdaq-100. Here's What That Means for Index Investors
SpaceX just joined the Nasdaq-100. Should you change your ETF exposure?
Overview
Space Exploration Technologies (NASDAQ:SPCX) has already set several records in just a few weeks as a publicly traded company.
It was the largest IPO ever, raising roughly $75 billion in its offering, and it was also the most valuable listing ever, valued at $1.75 trillion based on the listing price. It opened at more than $1.9 trillion before soaring to nearly $3 trillion briefly two sessions later.
Details
Now, SpaceX is setting another first. It will be the fastest company ever to join the Nasdaq-100, which modified its rules to allow Elon Musk’s space company to join the vaunted index, accepting SpaceX today, less than a month after it went public.
Source
Originally published at www.fool.com.