SpaceX will join the Nasdaq-100 Index before the market opens on July 7, 2026, Nasdaq announced on June 26. The inclusion places Elon Musk's Space Exploration Technologies Corporation (Nasdaq: SPCX) among the 100 largest non-financial companies listed on the Nasdaq Stock Market, less than a month after the company completed the largest initial public offering in history on June 12, 2026. Index inclusion typically increases fund demand, trading volume, and visibility among institutional investors as index-tracking products rebalance their portfolios to incorporate the new constituent.
SpaceX Completes Record IPO on June 12, 2026
SpaceX debuted on the Nasdaq on June 12, 2026, pricing its shares at $135 and entering the market with an initial valuation of $1.77 trillion. Shares opened at $150 and closed their first trading day at $160.95, valuing the aerospace and technology company at roughly $2.1 trillion. The milestone made Musk the world's first trillionaire. The company entered public markets after years of private growth, fueled by advancements in reusable rocket technology, satellite deployment, and its Starlink broadband network.
SPCX Shares Trade Between $150 and $225 Since Listing
SpaceX shares have experienced volatility since listing. SPCX climbed to an intraday high above $225 during its first week of trading before retreating. The stock closed at $153.23 on June 26, remaining above its IPO price of $135 but trading near its opening level of $150 as early enthusiasm gave way to more measured trading.
Nasdaq-100 Tracks 100 Largest Non-Financial Companies
The Nasdaq-100 Index measures the performance of 100 of the largest non-financial companies listed on Nasdaq. Nasdaq stated that the index "is tracked by more than 200 investment products with over $800 billion in assets under management globally." The company also noted that "Nasdaq Global Indexes publishes and maintains more than 10,000 indexes across asset classes and geographies." Inclusion in the Nasdaq-100 can reshape trading activity, as index-tracking funds rebalance their portfolios to incorporate the new constituent, typically boosting trading volume and raising the company's profile among institutional investors.
FTSE Russell Adds SpaceX After Friday Close
FTSE Russell is adding SpaceX to its Russell U.S. equity indexes after Friday's closing bell as part of its semi-annual reconstitution. The update requires passive funds tied to Russell benchmarks, including the iShares Russell 1000 ETF (IWB), to add SPCX shares as the new index lineup takes effect. SpaceX's inclusion in major benchmarks reflects its large market value and strong trading activity, both key factors for index eligibility. Being added to widely followed indexes can lead to increased demand for shares, as funds that track these benchmarks must buy stock in newly included companies.
FAQ
When will SpaceX join the Nasdaq-100 Index?
SpaceX will join the Nasdaq-100 Index before the market opens on July 7, 2026, as announced by Nasdaq on June 26.
What was SpaceX's IPO price and first-day closing price?
SpaceX priced its IPO at $135 per share on June 12, 2026. Shares opened at $150 and closed the first trading day at $160.95, valuing the company at roughly $2.1 trillion.
Why does inclusion in the Nasdaq-100 matter for SpaceX?
Inclusion in the Nasdaq-100 typically increases fund demand and trading volume, as more than 200 investment products with over $800 billion in assets under management track the index and must buy shares of newly included companies.
