Overview
- Reuters reports SpaceX has made early Nasdaq-100 entry a condition for choosing Nasdaq as its listing venue.
- Nasdaq’s proposed Fast Entry rule would allow a new listing that ranks within the index’s top 40 by market value to join in under a month, but the change is not final and could take months to implement.
- SpaceX is targeting a valuation of about $1.75 trillion, which would place it among the largest U.S. companies by market capitalization.
- The push for index inclusion is aimed at broadening access to institutional investors and improving liquidity, factors that can ease trading when IPO lockups expire.
- The NYSE is also competing for the listing and neither exchange has been notified of a final decision, with a June debut still possible but not assured.