SpaceX Is Quickly Entering Index Funds. Will OpenAI and Anthropic do the Same After Their IPOs?
Yahoo Finance ·
Space Exploration Technologies ( SPCX 6.72% ) joins the Nasdaq-100 index on July 7, less than a month after going public. J.P. Morgan, part of JPMorgan Chase , estimates the move could create about $4.3 billion in passive buying by funds tied to the index. If OpenAI and Anthropic go public at valuations even close to expected, could they also quickly enter index funds, including the S&P 500 ? Let's find out. The biggest catalyst is Nasdaq's new fast-entry rule. Under the updated Nasdaq-100 methodology, the largest new listings can be reviewed on their seventh trading day if their full market value ranks among the top 40 current Nasdaq-100 companies. The companies also need to meet Nasdaq 's eligibility rules and have enough trading liquidity.
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