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SpaceX will join Nasdaq-100

Nasdaq confirmed that Space Exploration Technologies Corporation will enter the Nasdaq-100 index before markets open on Tuesday, July 7. This fast-tracked inclusion follows the company's IPO and is expected to trigger billions in passive fund purchases. The move may also involve the Russell 1000 index adding SpaceX and small-cap stocks.

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What changed

Nasdaq officially set the entry date for SpaceX into the Nasdaq-100 for July 7.

Live updates

  1. SpaceX to Join Nasdaq-100 Index on July 7

    Nasdaq confirmed that Space Exploration Technologies Corporation will enter the Nasdaq-100 index before markets open on Tuesday, July 7. This fast-tracked inclusion follows the company's IPO and is expected to trigger billions in passive fund purchases. The move may also involve the Russell 1000 index adding SpaceX and small-cap stocks.

    What's confirmed:

    • SpaceX will join the Nasdaq-100 index on July 7.
    • The company's inclusion in the index was fast-tracked following its IPO.
    • Passive funds tracking the index will be required to purchase billions of dollars in SpaceX stock.
    • The entry will occur before the market opens on Tuesday, July 7.
    • Space Exploration Technologies Corporation is the full name of the company joining the index.

    Still unconfirmed:

    • The addition will unlock an estimated $4.3 billion to $10 billion in passive fund inflows.
    • The Russell 1000 index is set to add SpaceX and small-cap stocks.
    • The Russell rebalance could increase SpaceX stock volatility.
    • The move may create a clash between short sellers and passive investors.
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