Quick Read – SpaceX’s Nasdaq 100 fast-track sharply separates it from the S&P 500. – At roughly $2 trillion, SpaceX rivals the Magnificent Seven in market impact, with Wall Street bulls targeting shares above $400. – Growth-focused investors may gravitate toward the Nasdaq 100…
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With Space Exploration Technologies (NASDAQ:SPCX) touching down on the Nasdaq 100, it’s no longer a wash when investors are choosing between the S&P 500 and Nasdaq 100. Undoubtedly, there’s a lot of overlap between the two indices, but the Nasdaq 100 takes the mega-cap tech exposure to another level entirely. With the S&P 500 holding off on adding SpaceX so soon after its IPO, allowing enough time for seasoning and a shift into profitability, questions linger as to whether the Nasdaq 100’s allocation to SpaceX will beckon investors who would have otherwise put money in an S&P 500 ETF.
Indeed, for younger investors who don’t mind added volatility for a shot at greater growth, the answer is simple. Any way you look at it, the Nasdaq fast-track is a big win that not only further differentiates it from the S&P 500 but might just cause some to view the tech-heavy index as the new go-to index to bet on the broad markets. The Nasdaq’s SpaceX fast-track just changed the passive investment game After all, with SpaceX going for a market of around $2 trillion, it’s quite the needle mover that’s in the league of the Magnificent Seven.