00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's SpaceX is seeking earlier access to major stock indexes ahead of a planned IPO later
00:08this year. According to the Wall Street Journal, advisors have contacted index providers,
00:13including Nasdaq, to discuss fast-track inclusion options that could bring liquidity to shareholders
00:18sooner. Companies usually wait months after listing before joining indexes, which is meant
00:23to ensure trading stability and liquidity. SpaceX is asking for policy changes that would allow
00:28earlier inclusion and could benefit other highly valued startups. Nasdaq recently proposed
00:33a fast entry process that could allow large new listings to join the Nasdaq 100 after 15
00:39trading days. SpaceX is targeting a valuation above $1 trillion, which would mark the largest
00:45U.S. IPO on record. For all things money, visit Benzinga.com.
Comments