The SpaceX IPO's Unlikely Catalyst: A Wild Ride for Index Funds The Nasdaq 100 index has long been a reflection of its own unique characteristics.
However, with SpaceX's recent inclusion, it has entered uncharted territory in just 15 trading days since its initial public offering (IPO).
This sudden addition has propelled SpaceX into one of the world's most popular passive investing vehicles, forcing index funds to rebalance their portfolios and creating an unprecedented stock price setup at this scale.