How the SpaceX IPO Could Affect These Popular Nasdaq ETFs

Elon Musk's SpaceX is expected to imminently file for an initial public offering (IPO) valued at as much as $1.75 trillion, indicating it will be the largest IPO on record. The space company is rumored to be targeting a June listing date on the Nasdaq.Due in large part to Musk's Tesla returning a jaw-dropping 2,280% over the past decade, retail investors are excited about SpaceX going public. They're getting a crack at up to 30% of the shares. That's triple the usual IPO allocation for retail investors, confirming SpaceX is likely to be one of the hottest IPO stocks in recent memory for the non-professional crowd.The IPO also has wide-ranging implications for some well-known exchange-traded funds (ETFs), including the Invesco QQQ ETF (NASDAQ: QQQ) and the Invesco NASDAQ 100 ETF (NASDAQ: QQQM). Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool