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SpaceX Index Era Sets Up Clash Among Shorts and Passive Billions
SpaceX will enter the Nasdaq-100 index before markets open on Tuesday, July 7. This inclusion follows a change in Nasdaq eligibility rules for mega-cap companies. The move is expected to trigger billions in passive fund purchases.
What changed
Confirmed dates and financial estimates for SpaceX's Nasdaq-100 inclusion have been established.
Live updates
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SpaceX to Join Nasdaq-100 Index on July 7
confidence 90%SpaceX will enter the Nasdaq-100 index before markets open on Tuesday, July 7. This inclusion follows a change in Nasdaq eligibility rules for mega-cap companies. The move is expected to trigger billions in passive fund purchases.
What's confirmed:
- SpaceX will join the Nasdaq-100 index before the market opens on July 7.
- Nasdaq updated its eligibility rules to allow newly public mega-cap companies into the index without a traditional seasoning period.
- The inclusion will trigger passive institutional inflows.
Still unconfirmed:
- The index inclusion will unlock $4.3 billion in passive fund purchases.
- The debut will force $8.3 billion in passive buying against a $100 billion float.
- SpaceX will join the Nasdaq-100 on July 6.
- A lock-up expiration will occur on August 6.
- The Russell 1000 index is set to add SpaceX and small-cap stocks.