"Give the green light to SpaceX? Nasdaq adjusts index inclusion rules, large IPOs can be listed in as fast as 15 days"

In order to adapt to the changing pace of listing of large enterprises, NASDAQ has announced that it will adjust its index inclusion rules to significantly shorten the time for new listed companies to enter its core index. This move may bring a faster funding channel for future giant companies. According to the latest statement, if the market value of a newly listed company ranks among the top positions of the NASDAQ 100 constituents, it can usually be included in the index after 15 days of trading, compared to a previous period of at least three months. NASDAQ stated that feedback from asset management institutions and passive portfolio managers generally supports this "fast inclusion" mechanism. At the same time, the exchange has also eliminated the previous requirement of a minimum 10% free float ratio to further lower the threshold for new stock inclusion. The related adjustments will take effect on May 1. Industry insiders point out that this move reflects the pressure index compiling organizations are facing in adapting to changes in market structure. In recent years, companies have generally delayed their listing, resulting in a significant market value entering the public market once the IPO is launched, which has a more direct impact on index composition. Among them, SpaceX is considered one of the potential beneficiaries. The market expects its IPO valuation to be as high as $1.75 trillion, and once listed, it is expected to quickly become an important weight stock in the NASDAQ 100 index, attracting a significant amount of funds tracking the index. Currently, major index providers including S&P Dow Jones Indices, NASDAQ, and FTSE Russell are all studying similar reform measures. With over $30 trillion in assets globally benchmarked against these indices, rule adjustments will directly impact fund allocation paths and reshape the flow of wealth from private markets to public markets.