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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 days ago

SpaceX stock drops to a new low and loses $1 trillion in value in a month

www.businessinsider.com

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SpaceX stock drops to a new low and loses $1 trillion in value in a month

www.businessinsider.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 days ago
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133
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  • cross-posted to:
  • technology@beehaw.org
  • hackernews@lemmy.bestiver.se
  • technology@lemmit.online
SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.
  • curbstickle@anarchist.nexus
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    Broad-market funds like the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P Total U.S. Stock Market ETF (ITOT) include SpaceX.

    SpaceX was added to the Nasdaq-100, meaning funds that track it, such as the Invesco QQQ ETF, hold the stock.

    Benchmarks like the Russell 1000 also hold SpaceX, automatically populating funds like the iShares Russell 1000 ETF (IWB)

    https://www.investopedia.com/spacex-stock-joins-major-index-funds-what-regular-investors-need-to-know-spcx-ipo-vanguard-blackrock-vti-itot-12004764

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