SpaceX IPO Expected on June 12
SpaceX is set to launch its initial public offering (IPO) on June 12, aiming to raise $75 billion at a valuation of $1.77 trillion. While the S&P 500 will not be including SpaceX, the Nasdaq-100 is revising its index methodology to fast-track the inclusion of large companies like SpaceX, Anthropic, and OpenAI. This change is anticipated to provide index fund investors faster access to these megacap firms.
Investor sentiment surrounding the IPO is mixed, with some preferring a wait-and-see approach. Many growth-oriented exchange-traded funds (ETFs) are expected to purchase SpaceX shares once it’s included in the indexes, presenting challenges for investors who wish to avoid high-profile IPOs. Currently, the Vanguard Dividend Appreciation ETF is favored among balanced investors, as it focuses on companies with a strong track record of both earnings growth and dividend increases, steering clear of newly public firms like SpaceX.
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