SpaceX closed its first session on the Nasdaq at $160.95, a 19% gain that pushed the company’s market capitalization past $2 trillion, according to Reuters.
The June 12 listing raised $75 billion in the largest initial public offering in history, with demand exceeding available shares by a factor of four
But one prominent Wall Street strategist argues that the most consequential financial events for SpaceX shareholders are still weeks away. He is pointing investors toward a series of index inclusion dates that will force funds managing trillions of dollars to buy SpaceX shares this summer. SpaceX could enter Nasdaq 100 as early as July 6 Peter Haynes, head of index and market structure research at TD Securities, told CNBC the public debut was just one piece of a longer timeline.
Haynes identified one date in particular as the first major inflection point following the June 12 listing under the ticker SPCX. “Day 15, which should be July 6, will be the day that Nasdaq rebalances the 100 Index to reflect SpaceX’s IPO shares,” Haynes told CNBC’s “ETF Edge” ahead of the listing. That timeline is possible because Nasdaq revised its index methodology on May 1, 2026, creating a faster pathway for the largest new listings. Under the revised rules, any company ranked in the top 40 by market capitalization can enter the Nasdaq-100 after just 15 trading days, etf.com reported.