Elon Musk-led SpaceX is set to debut on Nasdaq on June 12 after raising about $75 billion at a valuation of nearly $1.75 trillion, making it one of the largest public offerings in history. But the IPO may not be the only catalyst for the stock.
According to Jefferies strategist Chris Wood, recent rule changes by Nasdaq could allow SpaceX to enter the Nasdaq-100 index after just 15 trading days, compared with the earlier requirement of a three-month waiting period.
