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What's a Nasdaq 100?
The Nasdaq 100 is an index of the 100 largest non-financial companies listed on the Nasdaq stock exchange in the US. It's a key benchmark for tech and growth stocks. When a company joins, it often sees increased investment as funds that track the index automatically buy its shares, which is what's happening with SpaceX.
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SpaceX shares entered Nasdaq 100 following rule changes.Related explainers
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