SpaceX · Elon Musk · CNBC Technology
Why TD Securities anticipates even bigger days ahead for SpaceX
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The most important dates for SpaceX haven't happened yet, according to TD Securities.
Key facts
- Day 15 [after SpaceX goes public], which should be July 6… will be the day that Nasdaq rebalances the 100 Index to reflect SpaceX's IPO shares," he told CNBC's "ETF Edge" this week ahead of Friday's
- He's urging investors to pay close attention to when SpaceX is added to key indexes, including the S&P Total Market Index, MCI Global Index, Russell Indexes and Nasdaq 100 early this summer
- In what Haynes called a "controversial decision," the S&P 500 Index Committee announced earlier this month that SpaceX will not be fast-tracked into the index, meaning the Elon Musk rocket maker
- Peter Haynes, the firm's head of index and market structure, suggests SpaceX's public debut is only a small part of the larger SpaceX timeline
Summary
Peter Haynes, the firm's head of index and market structure, suggests SpaceX's public debut is only a small part of the larger SpaceX timeline. He's urging investors to pay close attention to when SpaceX is added to key indexes, including the S&P Total Market Index, MCI Global Index, Russell Indexes and Nasdaq 100 early this summer. "Day 15 , which should be July 6… will be the day that Nasdaq rebalances the 100 Index to reflect SpaceX's IPO shares," he told CNBC's "ETF Edge" this week ahead of Friday's IPO. In what Haynes called a "controversial decision," the S&P 500 Index Committee announced earlier this month that SpaceX will not be fast-tracked into the index, meaning the Elon Musk rocket maker must trade on the market for at least one year until it becomes eligible.