SpaceX Will Join the Nasdaq-100 on July 7. Here's What a $10,000 Investment Could Be Worth in December, According to History.
The rocket launch and satellite company continues to make history.
Overview
Space Exploration Technologies (NASDAQ:SPCX) went public early this month with a record-setting debut. The company raised $85.7 billion in all and ended its first day of trading at a record market cap of $2.1 trillion, the highest-ever for a company just out of the starting gate. The stock has been volatile since its historic debut and currently trades near the roughly $161 price it commanded at the end of its first day of trading.
Investors have a new reason to be bullish. After the market close on Friday, Nasdaq announced that SpaceX would be added to the Nasdaq-100 beginning on July 7, marking one of the quickest ever additions to the high-profile index. This follows changes to the inclusion criteria, which were updated just last month. The Nasdaq-100 tracks the performance of the roughly 100 largest non-financial companies on the Nasdaq stock exchange.
Details
Source
Originally published at www.fool.com.