SpaceX, now worth over $2.1 trillion after its IPO, is set to join the Nasdaq 100 index, affecting investors' 401(k) retirement plans. This was reported by Qazaqyia.kz citing Associated Press.
SpaceX is now valued at roughly the combined worth of Walmart, Exxon Mobil, Bank of America, and IBM. Its inclusion in the Nasdaq 100 reflects the company's market influence. Index funds are a low-cost and effective investment tool for investors.
Index funds in retirement plans will automatically include SpaceX shares. This allows investors to benefit from SpaceX's growth even if they do not invest directly. SpaceX's market capitalization is $2.1 trillion.
SpaceX's IPO took place on June 12, 2026, on the Nasdaq exchange. Company President Gwynne Shotwell participated in the IPO ceremony. SpaceX's Starship rocket conducted a test flight on May 22, 2026, from Starbase in Texas.
The popularity of index funds is growing. Only one in five actively managed U.S. stock funds survive and beat their index. SpaceX's addition to the Nasdaq 100 will significantly impact retirement plans.