Get Ready for Spacex's Grand Nasdaq-100 Entrance

Dow Jones07-06 18:24

SpaceX's stock has been on a wild ride since its IPO last month. But buckle up: More big moves could be ahead.

Elon Musk's rocket company will officially join the Nasdaq-100 index tomorrow, following Nasdaq's decision to fast-track newly public megacap companies under new inclusion rules. That means index-tracking funds are gearing up for a SpaceX buying spree.

Mutual and exchange-traded funds with a collective $800 billion in assets track the Nasdaq-100, and these funds are expected to buy shares of the rocket company after today's close.

Analysts expect that could lead to a short-term boost in SpaceX's stock price. Looking further out, though, gains are far from guaranteed.

My colleague Jack Pitcher wrote a helpful explainer of what we can expect with SpaceX's inclusion this week:

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment