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If you have index funds — such as in a 401(k) — they may soon include shares of the mega company. Here's a rough calculation.
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;Resize=(620)) SpaceX jumped over 20 per cent in its Nasdaq debut on Friday, making the company worth more than $2 trillion US, and leading Forbes to estimate CEO Elon Musk's net worth at $1.1 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.
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The initial public offering from the rocket and AI company raised some $75 billion, making the company one of the biggest in the world — and likely making Elon Musk a trillionaire.
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