What Happened
SpaceX Set to Join Nasdaq 100 Index Less Than a Month After Debut
SpaceX is set to join the Nasdaq-100 index, less than a month after its initial public offering, in a move that could unleash billions in passive buying and further boost the company’s valuation. The inclusion is expected to create another source of demand for SpaceX shares, with index funds and ETFs tied to the Nasdaq-100 needing to buy shares to match the benchmark’s new composition. This development was reported by Reuters.