SpaceX (SPCX) to Join Nasdaq 100 on July 7, Fastest Inclusion After IPO

SpaceX (SPCX) will join the Nasdaq 100 on July 7, just 15 trading days after its initial public offering, marking the benchmark’s fastest-ever index inclusion. According to BeInCrypto, SpaceX listed on the Nasdaq on June 12 at $135 per share, raising roughly $75 billion in the largest IPO in history and implying a $1.77 trillion valuation. The company is the first to benefit from a Nasdaq rule that fast-tracks large new IPOs into the index after 15 trading days, prompting index funds such as the Invesco QQQ Trust to buy shares before markets open on July 7. SpaceX closed at $161 on debut after a nearly 19% surge and has since pulled back to around $148; Allianz has warned its valuation may outpace near-term fundamentals.