Business · 9 July 2026

SpaceX shares entered Nasdaq 100 following rule changes.

Elon Musk's rocket and AI company, SpaceX, joined the Nasdaq 100 index after the exchange changed rules for fast-tracking new large-cap listings. At least six brokerages, including Morgan Stanley, have started coverage with 'buy' ratings following its $86 billion initial public offering. Analysts forecast that index-tracking funds will purchase approximately $5.4 billion in shares, owing to its addition to the Nasdaq 100 and Russell 1000.

By BriefTea Editorial · 9 July 2026 at 1:19

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