SpaceX Officially Joins Nasdaq 100 Amid Market Volatility
SpaceX has officially joined the Nasdaq 100 following its historic IPO on June 12, 2026, raising around $75 billion and achieving a market valuation over $2 trillion. Despite this milestone, the company's stock has experienced volatility, impacting investor sentiment as it enters the tech-heavy index at a relatively low weight.
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SpaceX Joins Nasdaq 100; Crinetics Pharmaceuticals Soars on Buyout | Stock Movers
On this episode of Stock Movers: - Fiserv (FISV) is climbing as the Wall Street Journal reports big banks including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv. - Crinetics Pharmaceuticals (CRNC) is soaring after Vertex Pharmaceuticals agreed to buy Crinetics for $10 billion in cash to expand into endocrinology. - SpaceX (SPCX) is lower even though at least six brokers, including Morgan Stanley and Goldman Sachs, have started coverage of SpaceX with buy-equivalent ratings. SpaceX’s addition to the Nasdaq 100 should provide considerable support to the stock, considering the number of funds that track the tech-heavy benchmark. (Source: Bloomberg)
SpaceX Is About to Join the Nasdaq-100. Here’s How Exposed You’ll Be.
Elon Musk’s rocket maker will enter the tech index at a relatively low weight.