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Nasdaq Rewrote Its Rules for SpaceX; Now $4.3B in Passive Buying Forces Index Funds' Hands

Nasdaq
International Business Times Fews App News Provider
Fews App Post Time Hace 8h

SpaceX began trading publicly in June. Getty Images Tens of millions of Americans who hold a Nasdaq-100 index fund — in a 401(k), an IRA, or a brokerage account — became involuntary SpaceX shareholders tonight, as fund managers executing mandatory rebalancing purchases bought an estimated $4. 3 billion worth of SPCX shares at market close.

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