aerospace / news / / Benzinga
Nasdaq 100 rule changes could force investments into commercial space flight giant SpaceX.
Nasdaq rule changes enable newly listed companies like SpaceX to join the index within 15 days.
KEY POINTS
- The 10% free-float requirement for Nasdaq 100 inclusion has been eliminated.
- Forced index fund buying due to these changes could trigger $22 billion to $27 billion in ETF inflows for SpaceX.
- SpaceX can now potentially join the S&P 500 index six months after IPO instead of 12.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →