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The Independent UK
The Independent UK
Business
Stan Choe

You may want to ignore SpaceX but your 401(k) won’t

The financial world is abuzz over SpaceX and while you might want to ignore all the hubbub around Elon Musk and IPOs, your 401(k) likely can't.

Following its Wall Street launch, SpaceX’s stock surged by 19.2 percent, catapulting its valuation to an astonishing $2.1 trillion. This makes SpaceX worth more than the combined value of industry titans Exxon Mobil, Bank of America, and Coca-Cola. If SpaceX maintains that big a value, it will join some high-profile stock indexes.

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