SpaceX Surges 19% on Nasdaq IPO Debut Friday, Set to Enter Nasdaq 100 on July 6

SpaceX debuted on Nasdaq on Friday, June 13, surging 19% to close at $160.95, according to CNBC. The stock's market capitalization exceeded $2 trillion. TD Securities head of index and market structure Peter Haynes highlighted that the most significant dates for SpaceX remain ahead, including July 6 when Nasdaq will rebalance the Nasdaq 100 Index to reflect SpaceX's IPO shares. The S&P 500 Index Committee declined to fast-track SpaceX into the index, meaning the company must trade for at least one year before becoming eligible. Haynes noted other benchmarks including the S&P Total Market Index, MCI Global Index, and Russell Indexes will adjust their holdings as additional SpaceX shares become freely tradable.
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