This development may signal a significant boost to SpaceX's stock price due to passive investment flows from mutual funds and ETFs that track the Nasdaq-100 index. The move could indicate a growing recognition of SpaceX's role in the tech industry and may set a precedent for other large IPOs to join the index.
Elon Musk's Company Set For Passive Investment Boost
SpaceX stock will be added to the Nasdaq-100 index before the open on Tuesday, July 7, Nasdaq confirmed late Friday. This move is expected to bring in passive investment flows from mutual funds and ETFs that track the big-cap tech index. The news follows Nasdaq’s recent announcement of fast-track rules for large IPOs to join the Nasdaq-100 index. The development was reported by Investor’s Business Daily.
This development may signal a significant boost to SpaceX's stock price due to passive investment flows from mutual funds and ETFs that track the Nasdaq-100 index. The move could indicate a growing recognition of SpaceX's role in the tech industry and may set a precedent for other large IPOs to join the index.
Elon Musk's Company Set For Passive Investment Boost
SpaceX stock will be added to the Nasdaq-100 index before the open on Tuesday, July 7, Nasdaq confirmed late Friday. This move is expected to bring in passive investment flows from mutual funds and ETFs that track the big-cap tech index. The news follows Nasdaq’s recent announcement of fast-track rules for large IPOs to join the Nasdaq-100 index. The development was reported by Investor’s Business Daily.