SpaceX (NASDAQ:SPCX) priced its IPO (1) at $135 a share on June 12 and promptly went on a tear. Within four trading days, it climbed roughly two-thirds, touching $225 and a valuation near $3 trillion. Then it gave most of that back, sliding more than 30% to around $153, where it trades now — still roughly a $2 trillion company.
None of that round trip had any bearing on what happened next in millions of retirement accounts. On June 18, just five trading days after the listing, ****** eX entered the CRSP US Total Market Index — the benchmark behind the Vanguard Total Stock Market Index Fund (NYSEARCA:VTI), one of the most widely held funds in America and many other index funds.
That's the part worth understanding, because it's about to happen two more times.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — here are 5 ways to build wealth like a landlord without actually being one
Robert Kiyosaki says this 1 ****** et will surge 400% in a year and begs investors not to miss this 'explosion'
None of that round trip had any bearing on what happened next in millions of retirement accounts. On June 18, just five trading days after the listing, ****** eX entered the CRSP US Total Market Index — the benchmark behind the Vanguard Total Stock Market Index Fund (NYSEARCA:VTI), one of the most widely held funds in America and many other index funds.
That's the part worth understanding, because it's about to happen two more times.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — here are 5 ways to build wealth like a landlord without actually being one
Robert Kiyosaki says this 1 ****** et will surge 400% in a year and begs investors not to miss this 'explosion'
2 months ago
