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The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it
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- Americans have more money invested for retirement in passive S&P 500 Index funds than any other investment.
- The index committee that oversees the rules for new stock inclusion in the S&P 500 Index said no to the biggest IPO in history, at least for the first year of its public market trading history.
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Americans have more money invested for retirement in passive S&P 500 Index funds than any other investment. The Vanguard and Black Rock S&P 500 ETFs alone manage nearly $2 trillion in assets, with the Vanguard ETF (VOO) recently passing the $1 trillion mark.
But unlike other mutual funds and ETFs, they won't be managing SpaceX shares any time soon for retail investors who want to get a piece of the action in the stock after Friday's mega-cap IPO, the biggest in the history of the market.
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