SpaceX is joining the Nasdaq 100 on July 7 — just 15 trading days after its IPO. That makes it the fastest index inclusion in the benchmark’s history, thanks to a Nasdaq rule change that fast-tracks large new listings.
The company, trading under ticker SPCX, priced its shares at $135 in what became the largest IPO ever, raising roughly $75 billion and landing an initial valuation of $1.77 trillion. Shares surged nearly 19% on debut day, closing at $161, though they’ve since pulled back toward $148.
Index funds like the Invesco QQQ Trust are now required to buy SPCX before markets open on July 7. That forced buying could drive near-term demand and trigger rebalancing across Nasdaq 100-linked portfolios worldwide.
Not everyone’s bullish, though. Allianz has warned the valuation may outpace near-term fundamentals. The concern is straightforward: can SpaceX’s revenue actually support a $1.77 trillion price tag?
Meanwhile, Musk’s personal wealth has been swinging with the stock — it briefly dipped below $1 trillion before recovering. Legislative proposals targeting his unrealized gains are also gaining traction in Congress.
