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International Business Times
International Business Times
Business
Matias Civita

SpaceX Has Officially Joined the Nasdaq 100; The Stock's Influence On Markets Is About To Grow

SpaceX Nasdaq Elon Musk Starlink XAI
The move comes after Nasdaq changed its rules in May to allow certain large newly public companies to qualify for "fast entry" into the Nasdaq-100. (Credit: Getty Images)

SpaceX officially joined the Nasdaq-100 on Tuesday, becoming one of the fastest companies ever added to the technology-heavy benchmark after its blockbuster initial public offering less than a month ago.

The addition is expected to drive significant institutional demand for aerospace and artificial intelligence company, as investment funds that track the benchmark index begin purchasing shares.

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