Prediction: SpaceX Will Be a Top 4 Stock Holding in This Low-Cost Vanguard ETF by July
Written by Daniel Foelber for The Motley Fool -> SpaceX is one of the world’s most technologically advanced companies. However, Starlink and X will probably land it in the communications sector. SpaceX can have a greater impact on the communications sector than on the tech sec
SpaceX is one of the world’s most technologically advanced companies.
However, Starlink and X will probably land it in the communications sector.
SpaceX can have a greater impact on the communications sector than on the tech sector.
The SpaceX initial public offering (IPO) could come as soon as June 12. With the company looking to raise $75 billion at around a $1.8 trillion valuation, SpaceX will be the largest IPO in history.
SpaceX will heavily disrupt markets through the capital it raises as well as at the index level through eventual inclusion in the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 , the latter of which consists of the 100 largest non-financial companies by market cap listed on the Nasdaq exchange.
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But even if SpaceX achieves a $1.8 trillion valuation , it wouldn't crack the top three holdings in S&P 500 index funds or even growth-focused exchange-traded funds (ETFs) such as the Vanguard Growth ETF or Vanguard Meta Cap Growth ETF , as Nvidia , Alphabet , Apple , Microsoft , Amazon , and Broadcom are all worth more .
However, there is one low-cost Vanguard ETF where SpaceX could become a top-three holding.
