1 month ago
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Daniel Foelber, The Motley Fool
Wed, July 8, 2026 astatine 6:20 AM CDT 6 min read
On July 7, Space Exploration Technologies (NASDAQ: SPCX) joined the Nasdaq-100 -- which is the 100 largest non-financial companies by marketplace headdress listed connected the Nasdaq banal exchange. It besides received a $300 terms people from Morgan Stanley, 1 of the Wall Street banks that underwrote SpaceX's archetypal nationalist offering (IPO).
Being a portion of a large scale is much than conscionable sanction recognition. Exchange-traded funds (ETFs) benchmarked to the Nasdaq-100, specified arsenic the Invesco QQQ Trust (NASDAQ: QQQ), volition statesman buying shares of SpaceX. The much indexes a institution tin beryllium a portion of, the much request is unlocked from ETF inflows -- the crown jewel being the S&P 500 (SNPINDEX: ^GSPC), due to the fact that the largest ETFs successful the satellite are linked to it.
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Here's wherefore SpaceX was added to the Nasdaq-100 truthful quickly, and wherefore the maturation banal is falling anyway.
SpaceX volition soon beryllium a apical holding successful the Nasdaq-100
The Nasdaq's caller fast-track rules are meant to expedite the inclusion of megacap companies that precocious had IPOs. If a institution is astatine slightest arsenic invaluable arsenic the 40th-largest Nasdaq listing, which is simply a marketplace headdress of astir $121 billion, it tin present beryllium added to the Nasdaq-100 aft its 15th trading day. SpaceX has a marketplace headdress of astir $2 trillion and is the world's seventh-most invaluable institution -- truthful it clears the size hurdle with ease.
SpaceX went nationalist connected June 12, but markets were closed connected Juneteenth (June 19) and July 3. So, it wasn't added to the Nasdaq-100 until implicit 3 weeks aft its IPO. However, SpaceX's value successful the Nasdaq-100 isn't its marketplace cap. Rather, it is based connected a aggregate of the float, which is the fig of shares disposable for trading by the public. SpaceX's interval is astir conscionable 5% of its marketplace cap. But the interval could summation rapidly successful the coming months.
The immense bulk of SpaceX banal is held by insiders who bought successful erstwhile the institution was backstage -- including organization investors from erstwhile backing rounds, employees, and founders. SpaceX plans to gradually unlock early-release-eligible shares done a tiered strategy implicit the adjacent 180 days, with 20% of shares disposable for trading 2 days aft the merchandise of its net for the 4th ended June 30, and up to 30% if SpaceX's banal terms is astatine slightest $175.50 per share.
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