SpaceX faces fast Nasdaq-100 jump, putting QQQ investors on alert as chip trade slumps
SpaceX’s IPO is expected to make the Elon Musk firm a quick entry into index funds. Rule changes could add the stock to the Nasdaq-100 not long after trading begins. This could impact investors in the Invesco QQQ Trust, since it tracks the Nasdaq-100 and might offer quicker access to SpaceX if the company goes public. Reuters said MSCI will use early-inclusion rules for big IPOs, and Nasdaq has loosened its own rules, which could let new giants join the Nasdaq-100 sooner.