Vanguard ETF to Avoid SpaceX in June

SpaceX's IPO could raise $75 billion at a $1.77 trillion valuation, making it one of the 10 most valuable companies globally. Wall Street analysts say SpaceX is overvalued by more than 50%. The Vanguard Information Technology ETF (VGT) avoids SpaceX because the ETF excludes communications sector stocks where SpaceX would land. VGT has outperformed the S&P 500 for four consecutive years due to heavy semiconductor exposure.