What Happened
Elon Musk's Rocket Company Set For Surge In Passive Investments
SpaceX is set to join the Nasdaq 100 index on July 7, a move that is expected to attract a wave of passive buying and potentially boost the company’s stock price. The inclusion in the index comes after Nasdaq relaxed its entry requirements, making it more attractive for companies seeking US listings. SpaceX, which made its Nasdaq debut on June 12, has reported significant losses in recent years, including a net loss of $4.9 billion last year. The development was reported by Reuters.