SpaceX vs. the "Magnificent Seven": How the New Nasdaq-100 Member Stacks Up
The IPO stock was fast-tracked into the tech index on July 7.
Overview
Space Exploration Technologies (NASDAQ: SPCX) isn't part of the "Magnificent Seven" group of stocks, but its total market value of $1.48 trillion puts it ahead of components Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA).
The other components, Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), and Amazon (NASDAQ: AMZN), are the five most valuable companies in the world.
Details
They're all tech giants, and they lead the Nasdaq-100, an index of top tech stocks that's a bellwether of market sentiment toward technology and artificial intelligence (AI).
Source
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.