SpaceX has officially entered the Nasdaq-100 index, marking a pivotal moment for the aerospace giant as it transitions from private speculation to public market scrutiny.
The inclusion, confirmed by index providers, means the company is now part of the benchmark that tracks the 100 largest non-financial companies listed on the Nasdaq stock exchange.
Despite the high-profile addition, SpaceX’s initial weight in the index is reported to be less than 1%.
The move triggers immediate mechanical buying for passive investment vehicles that track the index.
According to La República, the rebalancing affects funds managing a combined $800 billion in assets.
Among the most prominent of these is the Invesco QQQ Trust, the flagship ETF that tracks the Nasdaq-100, which will now need to allocate capital to SpaceX shares in proportion to their index weight.
Despite the high-profile addition, SpaceX’s initial weight in the index is reported to be less than 1%.