Global Stock News

SpaceX Officially Added to Nasdaq 100 Index Today. Nasdaq Volatility Faces Risk of Amplification

SpaceX Officially Added to Nasdaq 100 Index Today. Nasdaq Volatility Faces Risk of Amplification

TradingKey – Today, just 15 trading days after its listing, SpaceX is set to be officially included in the Nasdaq 100 Index, making it the first constituent in the index’s history with space exploration as its core business, and breaking the record for the fastest index inclusion of a newly listed stock.

This commercial aerospace giant owned by Elon Musk, after experiencing a roller-coaster ride during its early listing period where its stock price plunged from a high of $225 to $160, has now reached a key milestone with its index inclusion.

Calculations by JPMorgan Chase show that SpaceX’s weight in the index is approximately 1.3%, ranking 21st, behind giants such as Nvidia and Walmart. This corresponds to a passive fund allocation…

Source link

Share this article

Scroll to Top