tech
SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand
Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.
TL;DR
- SpaceX stock is consolidating on the NYSE following its Nasdaq listing.
- The company has qualified for inclusion in the Nasdaq-100 index.
- Nasdaq's new fast-track framework allows for quicker inclusion of IPOs.
- Index funds tracking the Nasdaq-100 will likely purchase SpaceX shares.
- SpaceX's inclusion in the S&P 500 is currently ineligible due to different requirements.