Elon Musk’s SpaceX is preparing for a $1.75 trillion IPO that could place the company in major index funds within days. Changes to long-standing index rules may bring the stock into retirement portfolios far sooner than many investors expect.
Elon Musk’s SpaceX is preparing for a $1.75 trillion IPO that could place the company in major index funds within days. Changes to long-standing index rules may bring the stock into retirement portfolios far sooner than many investors expect.
Unfortunately, it’s only one pension fund the article is referring to. I have another one, and they have not made any statements.
Most all pensions or 401Ks are using index funds of some sort. Nearly everyone is affected by this.