Comment on SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
Midnitte@beehaw.org 1 day ago
Yea, and their plan is to make you a bag holder.
Comment on SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
Midnitte@beehaw.org 1 day ago
Yea, and their plan is to make you a bag holder.
Brad@beehaw.org 1 day ago
Does anyone know if there’s a way to identify which of my 401k plans will be buyinh this stock once it gets added to the indexes? I would love to not have money in those index funds but don’t know how to tell.
Steve@communick.news 1 day ago
I wouldn’t worry too much. Index only update every quarter at most. They won’t be buying in at the IPO.
It’ll also be a very small portion of their holdings when they do buy in.
anachronist@midwest.social 1 day ago
Look up how much of your 401K is in nvidia stock right now. It may surprise you.
Steve@communick.news 1 day ago
Nvidia has a current market cap of $5.2T (largest in the world) making it 7.6% of the S&P500. I’m sure that’s the point you were trying to make, but we aren’t talking about Nvidia.
If we assume Morningstar is wrong and SPCX realy is worth $1.8T, then it will become roughly 2.6% of the S&P. If they’re right, it’ll be closer to 1.3%.
In my 403(b) I’m 50% international, 40% extended US market, and only 10% S&P500. I’ve been expecting the AI bubble to pop this year, so I moved my money away from Nvidia and the Magnificant 7. It’s been good for me so far. YTD I’m up 14.2%, while the S&P is up 11.7%. Nvidia in my portfolio is only 0.78%