SpaceX to join Nasdaq 100 on July 7, achieving 'super-fast' inclusion post-IPO

SpaceX, the aerospace and artificial intelligence company led by Elon Musk, is poised for rapid integration into the financial markets, with its inclusion in the Nasdaq 100 index scheduled for July 7. This move comes less than a month after the company's initial public offering (IPO) on July 12.

The Nasdaq 100, a prominent index comprising the 100 largest non-financial companies listed on the Nasdaq stock exchange, includes major tech giants like Nvidia, Apple, and Amazon. Inclusion in this index is typically a significant boost, as exchange-traded funds (ETFs) and index funds that track the Nasdaq 100 will likely invest heavily in SpaceX. Investment bank JP Morgan projects that this inclusion could lead to an inflow of approximately $4.3 billion (around 6.6 trillion Korean won) in passive investment funds.

SpaceX, founded in 2002, has established a strong presence in the space industry through its Starlink satellite internet service and reusable rocket business. The company's swift ascent to the Nasdaq 100, despite reporting a net loss of $4.9 billion last year, is attributed to relaxed inclusion criteria and a fast-track review process implemented by Nasdaq. This process allows exceptionally large companies to undergo the Nasdaq 100 inclusion review more quickly.

The company's ability to achieve this milestone so soon after its IPO highlights its significant market capitalization and strategic importance. The Nasdaq 100 inclusion is expected to further solidify SpaceX's position in the market and potentially influence its future growth and investment landscape.

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4.3 billion dollars in inflow expected.