SpaceX joins Nasdaq-100 index weeks after SPCX IPO

Space Exploration Technologies Corporation will join the Nasdaq-100 Index before trading begins on July 7, Nasdaq announced Friday, making the rocket and satellite company one of the first beneficiaries of the exchange's new fast-track inclusion rules.

SpaceX made its Nasdaq debut on June 12 under the ticker SPCX. At just 15 trading days old as a public company when the announcement came, SpaceX set what CNBC described as one of the fastest-ever paths to Nasdaq-100 inclusion. Under the exchange's previous framework, new listings faced a waiting period of at least three months before becoming eligible for inclusion.

The Nasdaq-100 tracks 100 of the largest non-financial companies listed on the exchange. The Invesco QQQ Trust, widely regarded as a daily trading bellwether for the AI bull market, is among the products tied to the index, which collectively commands more than $800 billion in assets globally. After markets close on July 6, funds and ETFs benchmarked to the Nasdaq-100 are expected to begin acquiring SpaceX shares in order to bring their portfolios into alignment with the revised index. J.P. Morgan estimated the inclusion could draw $4.3 billion in passive inflows, accor

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/spacex-joins-nasdaq-100-index-141339248.html)