Entrepreneur Elon Musk’s tech conglomerate SpaceX, which combines AI with aerospace manufacturing, transportation, and communications, will issue stock to the public for the first time on June 11, with public trading to begin the following day.
And due to a recent rules change at the Nasdaq stock exchange, quite a few of those shares will likely end up in personal investment portfolios because certain index funds will be compelled to buy them. Index funds, which buy all the stocks in an index such as the S&P 500 or the Nasdaq-100, have been especially popular with retail investors and 401 (k) plans due to their relatively low cost and higher risk diversification.
