A place in the Nasdaq 100 is meant to be a liftoff moment, but not for SpaceX.
It's one of the quickest additions ever as well.
Usually you'd have to wait around three months.
This has been under a month of trading.
When you look at the tech-heavy Nasdaq, you're seeing a lot of that pressure from AI companies
that investors are just getting a little bit nervous.
It's World Business Report from the BBC World Service.
I'm Liana Byrne.
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So just 25 days ago, SpaceX made its debut on the stock market.
It was the largest initial public offering in history, listed on the Nasdaq
and sold $75 billion worth of shares at $135 each.
And now it's officially joined the Nasdaq 100. That's the index of big,
tech-heavy companies that includes names like Apple, Microsoft and NVIDIA.
This matters because funds that track the Nasdaq 100 now have to buy SpaceX shares automatically.
But then...