SpaceX Lands on the Nasdaq-100: What Comes Next for Investors
Joining the index will lead to billions more being directed toward the stock. But it's unclear whether that's enough to buoy the share price.
Overview
Space Exploration Technologies (NASDAQ: SPCX), or SpaceX for short, recently became the largest initial public offering (IPO) in history. And at a market cap of about $2 trillion, it's already one of the world's most valuable companies. Its hefty valuation has led to the company's inclusion in several market indexes, including the popular growth and tech-focused Nasdaq-100.
Although companies don't typically join major indexes so soon after their IPOs, SpaceX is a special case due to its size and high profile. It's one of only a few publicly traded space companies and has immense upside in artificial intelligence (AI) following its merger with xAI earlier this year.
Details
Here's what SpaceX's inclusion in the Nasdaq-100 actually means for investors right now.
Source
Originally published at www.fool.com.