If You Own This Popular ETF, You’ll Soon Own SpaceX Shares Too. Here’s What You Should Know.
Key Points The Nasdaq altered its rules to fast-track megacap IPOs into the Nasdaq-100 index. Weightings of the Nasdaq-100 are based on the valuation of a company’s free-float shares, not total market cap. SpaceX is likely to account for less than 1% of the Nasdaq-100. …