SpaceX (NASDAQ:SPCX) index float faces $8 billion market test as IPO drops
U.S. stocks are closed for the weekend, and Space Exploration Technologies Corp is set to face buyers who don’t have many other options. SpaceX is set to join the Nasdaq-100, Nasdaq Inc said, with the change taking effect before trading starts on July 7. The company's addition comes less than a month after SpaceX—described by Nasdaq as a rocket-and-AI company—began trading on June 12. The index has more than 200 tracking products holding over $800 billion, according to Nasdaq.