SpaceX Cracked the Nasdaq-100 in Just 15 Days -- the Fastest Ever. Is It Time to Buy?

SpaceX moved to join major indexes faster than ever, as Nasdaq prepares the stock for the Nasdaq-100. The article says SpaceX (SPCX +6.18%) officially joined the Russell 1000 and is on track to join the Nasdaq-100, which includes many of the world’s largest AI and technology names. Nasdaq announced on Friday that SpaceX will begin trading in the Nasdaq-100 index on July 7, provided it meets all requirements, with a timeline of just 15 trading days after its IPO. Index inclusion is described as bullish because many funds tracking the index must buy the shares. The Nasdaq-100 also introduced a fast-track rule: it will rank a newly listed stock on its seventh trading day to see if it falls within the top 40, allowing entry after day 15. SpaceX IPOed with about 4% of outstanding shares issued, and lock-up expirations tied to its second-quarter results are expected to create volatility over the next five to six months.