SpaceX Lands Nasdaq-100 Spot Weeks After Record IPO

Elon Musk’s SpaceX is joining the Nasdaq-100 and FTSE Russell’s U.S. equity indexes less than a month after its record-breaking IPO, placing the newly public aerospace giant in some of the market’s most closely watched benchmarks.

Elon Musk’s Space Exploration Technologies Corporation (Nasdaq: SPCX), also known as SpaceX, will join the Nasdaq-100 Index before the market opens on July 7, 2026, Nasdaq announced on June 26. The addition places the aerospace company among the 100 largest non-financial companies listed on the Nasdaq Stock Market.

Nasdaq stated:

“Space Exploration Technologies Corporation (Nasdaq: SPCX) will become a component of the Nasdaq-100 Index prior to market open on Tuesday, July 7, 2026.”

The company entered public markets after years of private growth, fueled by advancements in reusable rocket technology, satellite deployment, and its Starlink broadband network.

The Nasdaq-100 measures the performance of 100 of the largest non-financial companies listed on Nasdaq and is widely followed by investors.

“The Nasdaq-100 Index — which measures the performance of 100 of the largest Nasdaq-listed non-financial companies — is tracked by more than 200 investment products with over $800 billion in assets under management globally,” the company noted, adding:

“Nasdaq Global Indexes publishes and maintains more than 10,000 indexes across asset classes and geographies.”

FTSE Russell is also adding SpaceX to its Russell U.S. equity indexes after Friday’s closing bell as part of its semi-annual reconstitution. The update requires passive funds tied to Russell benchmarks, including the iShares Russell 1000 ETF (IWB), to add SPCX shares as the new index lineup takes effect.