SpaceX $1.75 Trillion IPO: 1 Stock Poised to Be the Biggest Loser
SpaceX's upcoming IPO is expected to be valued at $1.75 trillion, potentially making it the largest industrials stock and forcing the removal of another stock from the S&P 500. EPAM Systems is currently the most likely candidate to be removed due to its relatively small market cap of $6 billion.
SpaceX is targeting a $1.75 trillion valuation in its upcoming IPO, which will make it one of the largest companies in the US. The S&P 500 will be rebalanced to accommodate SpaceX, resulting in the removal of the stock with the smallest market cap. EPAM Systems, with a market cap of $6 billion, is currently the most likely candidate to be removed. Other stocks near the bottom of the S&P 500 include Campbell's and ConAgra Brands, with market caps of $6.2 billion and $6.8 billion, respectively. Removal from the S&P 500 can lead to lower institutional ownership and trading volume, potentially affecting a stock's performance. The Vanguard S&P 500 ETF and State Street SPDR S&P 500 ETF Trust are among the funds that will be required to sell shares of the removed stock.
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