Don't Want Exposure to SpaceX? Why Investing in These Types of ETFs May Be the Way to Go
Key takeaways
- SPCX NVDA ^GSPC Space Exploration Technologies (NASDAQ: SPCX) recently went public, and the stock, which also goes by just Space X, will soon be added to many index funds.
- There's ample incentive to avoid exposure to Space X, as the stock may not only prove volatile but also carry significant downside risk given its extremely high valuation.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
SPCX NVDA ^GSPC Space Exploration Technologies (NASDAQ: SPCX) recently went public, and the stock, which also goes by just Space X, will soon be added to many index funds. That may not sit well with risk-averse investors who don't want exposure to the extremely expensive stock, which trades at more than 100 times its revenue and which is already among the most valuable companies in the world, despite incurring massive losses.
There's ample incentive to avoid exposure to Space X, as the stock may not only prove volatile but also carry significant downside risk given its extremely high valuation. For investors who want to steer clear of SpaceX, funds that track the S&P 500 may be the way to go right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »