Elon Musk's SpaceX to join NASDAQ-100
By Nino Kopaleishvili
Monday, June 29, 2026
Elon Musk's SpaceX is expected to join the NASDAQ-100, provided the company meets the stock exchange's requirements, CNBC television reports.
SpaceX will join the NASDAQ-100, an index constituted by 100 of the largest companies by market capitalization, on July 7 after the market closes, and exchange-traded funds will be able to start purchasing shares. The company is expected to enter the NASDAQ stock exchange with a weighting of less than 1%.
SpaceX reached seventh place among the list of the world's most valuable companies according to Companies Marketcap Data by trading shares in mid-June. The company was founded in 2002. It designs, manufactures, and launches advanced rockets and spacecraft.
SpaceX's value was estimated at around 2.1 trillion at the start of the stock market debut on June 12. After a quick surge in the initial public offering (IPO), there was a significant drop in SpaceX shares last week. The media states the plunge might be an indication of some concerns over the future of artificial intelligence, associated infrastructure costs, and high interest rates.
Musk lost his newly achieved trillionaire status following a 16 % drop on the stock market on June 22, which erased an estimated USD 240 billion from his personal balance sheet. On June 23, the Bloomberg Billionaires Index valued Musk's fortune at USD 957 billion as opposed to the USD 1.11 trillion valuation of his net worth two weeks ago, BBC reports.
The company launched its IPO trading on Friday, June 12. After raising USD 75 billion in the initial public offering, SpaceX started trading under the ticker SPCX at USD 150, and during the session, the price even mounted to USD 176.52, leaving behind the initial offer price of USD 135. On June 12, in the second half of the day, SpaceX shares achieved USD 166.76, demonstrating a rise of 3.5%, said the Economic Times.
So far, the company shares have been valued as high as USD 225, and at this point, their price varies within the range of USD 135 and USD 156, according to recent media reports. In addition to inclusion in the index, some analysts also expect anti-flipping policies to be known by Monday, June 29.
Prior to the stock market debut, SpaceX named the five retail brokerages: Fidelity, Charles Schwab, Robinhood, SoFi, and E*Trade. Each broker has the right to set its own flipping rule, ranging from 15 days to no restrictions at all.