Retirement savers may own SpaceX — or soon will — and not even know it

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Retirement savers may own SpaceX — or soon will — and not even know it

SpaceX shares have gained more than 30% since the aerospace and satellite communications company went public on Friday. Now, some people may be wondering whether they missed their chance to invest in …

SpaceX shares have gained more than 30% since the aerospace and satellite communications company went public on Friday. Now, some people may be wondering whether they missed their chance to invest in the high-flying stock if they didn't buy it at the IPO or its first few days of trading. Spoiler: They haven't. In fact, even if they don't know it, many retirement savers already own this high-profile investment — or soon could — through funds in their 401(k), IRA or brokerage account. SpaceX is already in some mutual funds, ETFs A number of professionally managed, active funds own SpaceX stock, including FMR, the parent company of Fidelity Investments, the nation's largest 401(k) provider. FMR owns 0.98% of existing SpaceX shares across 46 Fidelity funds, according to S&P data. Baron Capital Group owns 0.21% of the outstanding shares across seven funds. Franklin Resources, BlackRock, and Neuberger Berman also hold shares of SpaceX in several funds. More from Your Money: Here's a look at more stories on how to manage, grow and protect your money for the years ahead. Eight active funds — mutual funds, ETFs, and closed-end funds — hold positions in SpaceX that exceed 10% of their net asset value, according to Morningstar's most recent data. Funds with the most exposure include four Baron funds, where SpaceX accounts for 20% or more of their assets. …

Original source: CNBC Top News

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