Reposted by @susierynne.bsky.social
Musk strikes again: Millions of 401(k) holders passively bought SpaceX (NASDAQ: SPCX) near $160 a share after a record-fast Nasdaq-100 inclusion, leading to over $1 billion in unrealized losses as the stock recently slid closer to $120.
finance.yahoo.com/markets/stoc...
finance.yahoo.com
Millions of 401(k) Holders Were Forced to Buy SpaceX at $160. They’ve Already Lost More Than $1 Billion.
A quiet rule change this month forced millions of retirement savers into one of the most hyped IPOs in years, and the stock has been sliding ever since. Your 401(k) may already be underwater on a posi...