SpaceX joins Nasdaq-100 index weeks after SPCX IPO

SpaceX made its Nasdaq debut connected June 12 nether the ticker SPCX. At conscionable 15 trading days aged arsenic a nationalist institution erstwhile the announcement came, SpaceX acceptable what CNBC described arsenic 1 of the fastest-ever paths to Nasdaq-100 inclusion. Under the exchange's erstwhile framework, caller listings faced a waiting play of astatine slightest 3 months earlier becoming eligible for inclusion.

The Nasdaq-100 tracks 100 of the largest non-financial companies listed connected the exchange. The Invesco QQQ Trust, wide regarded arsenic a regular trading bellwether for the AI bull market, is among the products tied to the index, which collectively commands much than $800 cardinal successful assets globally. After markets adjacent connected July 6, funds and ETFs benchmarked to the Nasdaq-100 are expected to statesman acquiring SpaceX shares successful bid to bring their portfolios into alignment with the revised index. J.P. Morgan estimated the inclusion could gully $4.3 cardinal successful passive inflows, according to Reuters. When it joins, SpaceX's stock of the scale is projected to beryllium beneath 1%.

"Clearly, there's a batch of demand, that's wherefore they fast-tracked the integration into the index," Michael Field, main equity marketplace strategist astatine Morningstar, said. "We deliberation the banal is overvalued."

The Nasdaq-100 introduction contrasts with SpaceX's lasting astatine a rival index. As Quartz covered erstwhile S&P Dow Jones Indices declined to revise its eligibility requirements, SpaceX remains ineligible for the S&P 500 nether rules that necessitate astatine slightest 1 twelvemonth of trading past and demonstrated GAAP profitability. S&P confirmed earlier this period it would not assistance exceptions based connected marketplace capitalization alone. SpaceX reported a nett nonaccomplishment of $4.94 cardinal successful 2025 alongside gross of $18.67 billion.

Attracting large listings to U.S. exchanges was among the stated goals down a question of index-eligibility reforms: Nasdaq chopped its minimum seasoning play to 15 trading days for qualifying IPOs, portion FTSE Russell went further with a five-day window.

SpaceX priced its IPO astatine $135 per stock and carries a dual-class stock operation that gives CEO Elon Musk astir 82.4% of voting power.