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Nasdaq Speeds Index Path for SpaceX-Sized IPOs

Source: bloomberg.com

Nasdaq changed its rules to let big IPOs from SpaceX join key indexes faster after listing.
The update targets companies with market values over $15 billion, speeding up entry by up to two weeks.
This helps SpaceX attract more investors quickly through index funds.

Nasdaq eased its index inclusion rules so major companies like SpaceX can join important stock indexes right after their initial public offerings. SpaceX, Elon Musk's rocket company, is preparing a huge IPO that could value it at $135 billion or more. The change cuts the waiting period, letting these firms get into indexes faster and draw billions in passive investment. It matters because it smooths the path for blockbuster tech IPOs in a market hungry for growth stocks.