Space Exploration Technologies (NASDAQ: SPCX) is finally a publicly traded company.
Now the process begins for stock indexes to add SpaceX shares to their holdings
Each index has its own rules for inclusion. Some require that a stock only be publicly traded for several days. Others, like the S&P 500 (SNPINDEX: ^GSPC), require a full year of trading before adding.
The Nasdaq-100 index — which tracks 100 large non-financial stocks — recently announced new “fast track” eligibility criteria designed to address mega initial public offerings (IPOs), such as the SpaceX IPO. Under those criteria, new stocks can be added on their 15th trading day. The exchange announced on June 26 that SpaceX will be added before markets open on July 7.