Key insights
- The upcoming SpaceX IPO is poised to significantly impact major ETFs, including S&P 500 trackers like VOO, IVV, and SPY, as well as tech-focused QQQ. These funds will be compelled to allocate substantial capital, potentially billions, to SpaceX shares upon its public debut. This event could influence investor decisions regarding 'set and forget' ETF strategies, prompting consideration of portfolio adjustments to accommodate or avoid the new holding.
I have not seen what ETF will be impacted until I find this article. Looks like the majority of set and forget ETF are going to have a slice of the action.
Is anyone planning to pivot away from their set and forget for one without spacex?
VOO (Vanguard S&P 500 ETF, $995B AUM): Would need to buy roughly $5B in SpaceX
IVV (iShares Core S&P 500 ETF, $853B AUM): Similar forced purchase
SPY (SPDR S&P 500 ETF Trust, $787B AUM): The most liquid S&P 500 ETF
SPYM (SPDR Portfolio S&P 500 ETF, $148B AUM)
QQQ (Invesco QQQ Trust, $492B AUM): The world’s most-traded tech ETF
QQQM (Invesco NASDAQ 100 ETF, $97B AUM): Lower-cost alternative for long-term investors
https://finance.yahoo.com/markets/stocks/articles/spacex-ipo-every-etf-hold-081006218.html