You can ignore AI giants like SpaceX, but your 401(k) won't
Key takeaways
- SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street.
- Many of these indexes don t care about how realistic a company s growth plans are or who its CEO is.
- That matters for investors and their 401(k) accounts because they re depending more than ever on funds that simply mimic these indexes.
You can ignore AI giants like Space X, but your 401(k) won't Gwynne Shotwell, President and COO of Space X, right, celebrates with colleagues during a bell ringing ceremony for the IPO of Space X at the Nasdaq Market Site in New York, Friday, June 12, 2026, in New York. (AP Photo/Frank Franklin II) · Associated Press STAN CHOE Sat, June 13, 2026 at 7:01 PM GMT+7 5 min read SPCX XOM KO NEW YORK (AP) — While you might want to ignore all the hubbub around Space X, Elon Musk and IPOs, your 401(k) likely can t.
SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street. Whether or not you believe it deserves to be worth more than Exxon Mobil, Bank of America and Coca-Cola combined, the collective market does. And if SpaceX maintains that big a value, it will join some high-profile stock indexes.
Many of these indexes don t care about how realistic a company s growth plans are or who its CEO is. They re simply trying to show how slices of the market, or the whole thing, are performing. And if SpaceX is big enough to meet the qualifications to join those indexes, whether it s in a few weeks or a year, it will gain entry.