SpaceX joins Nasdaq-100 after IPO, bypassing conventional three-month buying and selling rule for inclusion within the tech-heavy index.
Printed On 7 Jul 2026
SpaceX has officially joined the Nasdaq-100 index, lower than a month after the Elon Musk-led firm first debuted on public markets by way of its preliminary public providing.
The inclusion within the Nasdaq-100, which tracks the 100 largest non-financial corporations listed on the Nasdaq, marks a change within the index’s pre-existing rule.
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The rule required corporations that had been publicly traded to be listed for 3 calendar months, excluding the month of itemizing, earlier than they might be included within the index. Waiver of that rule for SpaceX paves the best way for comparable looming IPOs, together with synthetic intelligence giants OpenAI and Anthropic.
There are greater than 200 funding merchandise which might be tied to the efficiency of the Nasdaq-100, together with many pension funds for public college academics, law enforcement officials and firefighters throughout america.
How do the Dow Jones Industrial Common and the Nasdaq differ?
The Dow Jones Industrial Common and the Nasdaq are two of probably the most carefully monitored indices on US inventory markets.
The Dow tracks 30 corporations which have giant and well-established companies. Amongst them are tech giants like Apple, Amazon and Nvidia; monetary companies corporations reminiscent of Goldman Sachs and JPMorgan Chase; and client manufacturers, together with Nike, Coca-Cola and McDonald’s.
Due to their outsized function within the economic system, traders usually view the efficiency of those corporations as a snapshot of what the US economic system appears like as an entire.
SpaceX is just not listed on the Dow Jones Industrial Common. A board that’s majority managed by S&P World hand-picks corporations that it believes greatest signify the US economic system to be included within the index.
Nasdaq itemizing necessities embody a minimal variety of publicly traded shares, with at the least 1.25 million shares obtainable for traders, a market capitalisation of at the least $50m, and a minimal share worth of $4 per share to be listed.
SpaceX joined the Nasdaq-100 on Tuesday.
How do Nasdaq corporations enter the Nasdaq-100?
The Nasdaq-100 tracks the 100 largest non-financial corporations listed on the Nasdaq, so corporations should first be listed on the change after which qualify based mostly on elements like market worth, buying and selling exercise and monetary standing.
Traditionally, the itemizing guidelines for the Nasdaq-100 require that the corporate in query will need to have a median of at the least 200,000 shares traded day-after-day and achieve this for at the least three months. However Nasdaq waived that final requirement when SpaceX went public.
Are funding methods completely different?
The Dow is normally tied to extra conservative funding methods as a result of the businesses usually listed are extra established and constantly worthwhile.
Whereas lots of the corporations overlap, corporations on the Nasdaq usually have extra high-growth potential, like tech giants, however that additionally comes with extra danger of losses.
There are 9 corporations which might be included in each the Dow Jones Industrial Common and the Nasdaq-100, together with Alphabet, which late final month changed Verizon within the Dow Jones index, biotech big Amgen, and Walmart.
