Goldman Sachs says SpaceX's growing index presence has had little investor impact
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. SpaceX (NASDAQ:SPCX) has become one of Wall Street's most closely watched stocks since its blockbuster initial public offering, but Goldman Sachs says its growing presence in major indexes has had surprisingly little impact on investors.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe growing weight of a large IPO in benchmarks matters for passive index flows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01A Goldman Sachs report dated November 6 says SpaceX's public float rose from 5% at IPO to about one-third.
- 02SpaceX's weight in the Nasdaq-100 has risen to roughly 2.5%.
- 03The bank says its growing index presence has had surprisingly little impact on investors.