finance
SpaceX Joins Nasdaq-100 Less Than One Month After IPO
SpaceX joined the Nasdaq-100 index on Tuesday after its recent initial public offering. The index waived its standard three-month trading requirement for the company.
Jul 7, 4:50 PM·1m read4 sources
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SpaceX joined the Nasdaq-100 index on Tuesday, less than one month after completing its initial public offering. The inclusion bypassed the index's usual requirement that companies trade for three full calendar months before eligibility. The waiver opens a path for other large upcoming IPOs, including those of OpenAI and Anthropic.
The Nasdaq-100 tracks the 100 largest non-financial companies listed on the Nasdaq exchange. Selection considers market value, trading volume, and financial standing. The Dow Jones Industrial Average follows a different process. A board majority-controlled by S&P Global selects 30 established companies that it views as representative of the broader U.S. economy.
SpaceX is not included in the Dow Jones Industrial Average.
More than 200 investment products track the Nasdaq-100, including pension funds for public school teachers, police officers, and firefighters. Nine companies appear in both the Nasdaq-100 and the Dow Jones Industrial Average, among them Alphabet, Amgen, and Walmart.
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