SpaceX Joins the Nasdaq-100 on July 7. Here Is What This Means for QQQ and QQQM Investors.
SpaceX is set to join the Nasdaq-100 index on July 7 following new 'fast track' eligibility rules for major IPOs. This inclusion will trigger significant buying activity from major ETFs like QQQ and QQQM, likely leading to increased stock volatility.
Space Exploration Technologies ( SPCX 0.99% ) 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 ( ^GSPC +0.72% ) , require a full year of trading before adding.
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