SpaceX Is Set to Join the Nasdaq-100 on July 7. Here's Where History Says the Stock Could Trade 1 Year From Now.
Inclusion in the Nasdaq-100 is a big milestone for SpaceX, which recently went public.
Overview
On July 7, Space Exploration Technologies (NASDAQ: SPCX) is scheduled to begin trading as a member of the Nasdaq-100 index. The Nasdaq-100 comprises the 100 largest non-financial companies listed on Nasdaq, weighted by market capitalization.
For SpaceX, inclusion in the index represents a significant step toward mainstream recognition beyond technology investors. With that said, history shows that inclusion in the Nasdaq-100 rarely serves as an independent driver of sustained outperformance.
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Originally published at www.fool.com.
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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.