SpaceX set to join Nasdaq 100, paving way for wave of passive buying

SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, ‌paving the way for a surge in passive investments in Elon ‌Musk's rocket and AI giant. To make it more attractive for companies seeking U.S. listings, Nasdaq, along with other index providers FTSE Russell and MSCI, relaxed its entry requirements including profitability, ‌the number of days after ⁠a company goes public and the number of shares available for trading. SpaceX, which made its Nasdaq debut on June 12, ⁠has swung between sharp losses and small profits over the past three years.