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SpaceX's stock will trade on the Nasdaq under ticker SPCX starting June 12, with a valuation around $1.75 trillion. Due to recent rule changes, it could join the Nasdaq-100 after just 15 trading days. The Invesco QQQ ETF, up 17% this year, may benefit but faces added risk from SpaceX's unprofitability.
An analyst rates the Invesco QQQ Trust a sell at $740, citing insider selling by executives who see real numbers. AI infrastructure spending is burning cash flow at levels considered insane three years ago. Inflation is creeping back, and the Fed is taking a path of rate hikes.
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