finance
SpaceX to Join Nasdaq-100 Index on July 7 but Remains Ineligible for S&P 500
Nasdaq announced SpaceX qualifies for the Nasdaq-100. Index funds can begin buying shares after the July 6 close, with official inclusion the next day.
Jun 27, 5:34 PM·1m read1 source
benzinga.comAudio version
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Nasdaq announced that SpaceX qualifies for inclusion in the Nasdaq-100 index. Index-tracking funds can start buying shares after the market closes on July 6, with SpaceX officially joining before trading begins on July 7. SpaceX became eligible after 15 trading days under Nasdaq's fast-track framework for newly public companies.
The company made its public debut on June 12 and listed on Nasdaq one week before the announcement. More than $800 billion tracks the Nasdaq-100, including the Invesco QQQ Trust. SpaceX is expected to enter the index with a weighting of less than 1 percent.
S&P Dow Jones Indices declined to create a similar fast-track process for the S&P 500. SpaceX remains ineligible for that index due to separate profitability and seasoning requirements.
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