BlockBeats News, June 29th, Nasdaq has confirmed that SpaceX (SPCX) will be officially included in the Nasdaq 100 Index on July 7th, less than a month after its listing on June 12th, setting one of the fastest inclusion records in the history of the index. Under Nasdaq's new rules, some large IPO companies only need to wait for 15 trading days to qualify for inclusion, significantly shortening the previous waiting period of several months.
JPMorgan Chase estimates that this inclusion will bring about $4.3 billion in passive fund inflows. Currently, over $800 billion in funds are linked to the Nasdaq 100 Index, and after the market close on July 6th, related ETFs and index funds will begin synchronous adjustments. Due to the limited proportion of SpaceX's freely tradable shares relative to its total market value, any short-term concentrated buying may have a significant impact on supply and demand.
However, market opinions are divided. The Chief Equity Strategist at Morningstar believes that the stock is overvalued, as SpaceX reported a net loss of $4.9 billion last year, and its profit performance is highly volatile. S&P Dow Jones Indices has made it clear that there is no fast track, and the S&P 500 will still adhere to the existing standard of at least a 12-month waiting period.
