Rocket Lab joins Nasdaq-100 index ahead of SpaceX
Rocket Lab will join the Nasdaq-100 index, outpacing SpaceX.
The Nasdaq exchange revised its inclusion rules to speed up the listing process for large companies like SpaceX.
Nasdaq selected Rocket Lab for the index on June 11, along with other companies, due to the rule change.
Inclusion in the index matters as it requires index-tracking funds to buy shares, with hundreds of billions of dollars tracking the Nasdaq-100.