Millions of 401(k) Holders Automatically Invested in SpaceX at High Price
A recent rule change allowed SpaceX's rapid inclusion into the Nasdaq-100 index, forcing millions of 401(k) holders to buy shares at $160. The stock has since dropped below that price, resulting in over $1 billion in unrealized losses for investors.
Topics: 401(k) index funds Nasdaq-100 SpaceX unrealized losses