FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.world · 1 day ago

SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors

cross-posted to:
technology@lemmy.world

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SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors

FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.world · 1 day ago

cross-posted to:
technology@lemmy.world

Here’s Why SpaceX Stock Suddenly Took A Dive

Elon Musk’s rocket firm pulled back from a rally that pushed its market value ahead of Amazon and Microsoft.

cross-posted from: https://lemmy.today/post/55069608

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But the weight in those indices is still low, and it hasn’t entered the S&P 500 yet.

In the Nasdaq 100 index, it’s estimated to enter at 0.50–0.70%

https://www.hl.co.uk/news/what-does-the-spacex-ipo-mean-for-index-investors

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