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SpaceX Joins Nasdaq-100, QQQ Impact? | Business and Finance News
Description
SpaceX just jumped straight into the Nasdaq-100 index after its IPO, skipping the usual waiting period and set to officially join on July 7th—just 15 trading days later. While its initial slice of the index will be under 1%, its impact on the QQQ ETF is minimal, since major tech giants like Nvidia and Apple still drive the fund’s performance. If you’re avoiding SpaceX exposure, consider VGT, a tech-focused ETF that excludes SpaceX due to its industrial classification. For most investors, this move is a small tweak—not a game-changer.
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