SpaceX has had limited impact on stock indexes, Goldman Sachs says

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[Launch 1:3:23] Robert Michaud SpaceX’s (SPCX [https://seekingalpha.com/symbol/SPCX]) growing presence in major stock indexes has had little effect on their valuations or performance, despite concerns ahead of its record initial public offering, Goldman Sachs strategist Ben Snider said. Nearly five months after the offering, roughly a third of SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) shares are available for public trading, up from 5% at its debut. That increase has lifted its weight in several benchmarks and expanded ownership by funds that track them, Snider and his colleagues wrote in a Nov. 6 report. [Sample of large IPOs with low float includes 14 IPOs with deal values equating to at least 0.