SpaceX, NASDAQ
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SpaceX is now in a major growth index. Don’t expect a big stock pop though.
By Purvi Agarwal and Rashika Singh July 7 (Reuters) - SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views.
SpaceX (NASDAQ: SPCX) officially priced its IPO at $135 per share. Very quickly, however, the stock's valuation soared to $225 per share. Even following a sharp correction, shares still trade around $170 per share -- well above the IPO price just a few weeks prior.
Rep. Dan Meuser and Rep. Gil Cisneros disclosed purchases of SpaceX stock days after the company's June 12 IPO, raising questions about their committee roles
Shares in the technology sector rose as sentiment improved ahead of SpaceX's inclusion in the Nasdaq 100. Investors are bracing for an update from chip maker Samsung on Tuesday. SK Hynix's $29 billion U.
