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SpaceX is headed for the Nasdaq-100 index through a fast-tracked admission process, positioning Elon Musk's aerospace company as one of the earliest beneficiaries of a recently adopted expedited inclusion framework from Nasdaq.
The addition is expected to generate substantial buying demand from exchange-traded funds and other investment vehicles that are contractually obligated to mirror the index's holdings.
What the Nasdaq-100 Is and Why Inclusion Matters The Nasdaq-100 tracks one hundred of the largest non-financial companies listed on the Nasdaq exchange and serves as the benchmark for some of the most widely held ETFs in the world.
When a company enters the index, fund managers running those ETFs have no discretion — they must buy shares to keep their portfolios aligned with the index.
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