SpaceX is set to join the Nasdaq 100 just 15 trading days after going public, marking the fastest entry into the technology heavy benchmark on record.
The company will be added before markets open on July 7, less than a month after its June 12 debut on the Nasdaq under the ticker SPCX.
The rapid inclusion was enabled by Nasdaq’s new fast entry rule, which took effect on May 1.
Under the updated methodology, a newly listed company can enter the Nasdaq 100 after 15 trading days if its full market capitalization ranks among the index’s 40 largest companies and it meets the remaining eligibility requirements.
Previously, new listings could face a waiting period of several months or as long as one year before becoming eligible.
