SpaceX IPO Set to Hit Index Funds—and Your 401(k)
Part of composite article AI Giants Go Public: $1.77 Trillion IPO Wave Smashes Wall Street’s 23-Year Drought View full article →
Elon Musk’s rocket company is preparing for what may become the largest initial public offering (IPO) in history. Soon after, those shares will likely land in the index funds that many Americans hold in their 401(k) retirement accounts. The reason: recent rule changes by Nasdaq and other major index providers now allow companies like SpaceX to be added to their benchmarks shortly after trading begins. That means millions of investors who never bought a single share of SpaceX could still see its performance directly affect their retirement savings.