SpaceX added to Nasdaq-100, bypasses three‑month rule

SpaceX Corp., the private‑launch‑services firm founded by Elon Musk, entered the Nasdaq‑100 index shortly after completing its initial public offering, becoming the first company to be added without meeting the exchange’s standard three‑month trading requirement. The move places the aerospace and satellite‑communications company among the 100 largest non‑financial firms listed on Nasdaq, a benchmark traditionally dominated by technology and internet firms.

Nasdaq officials said the exception was granted because SpaceX’s market capitalization and trading volume immediately met the index’s eligibility criteria, and the company’s rapid growth aligns with the Nasdaq‑100’s focus on high‑growth sectors. By bypassing the customary waiting period, SpaceX joins a select group of firms that have been fast‑tracked into the index, underscoring the market’s confidence in its commercial launch business and its expanding role in satellite broadband services.