Nasdaq changed its rules for the Nasdaq-100 to ensure that SpaceX wouldn't go elsewhere for an IPO, since the TXSE (Texas Stock Exchange) just received its national securities exchange license. TXSE is aiming at companies and PE in the Southeastern part of the US, and what better way to launch yourself than by holding the SpaceX IPO.
To me, that is the reason behind the whole thing. TXSE is based in Dallas and has been gearing up to launch in 2026 or 2027, and an anchor launch with a company like SpaceX would make a hell of a statement.
Nasdaq changed its rules for the Nasdaq-100 to ensure that SpaceX wouldn't go elsewhere for an IPO, since the TXSE (Texas Stock Exchange) just received its national securities exchange license. TXSE is aiming at companies and PE in the Southeastern part of the US, and what better way to launch yourself than by holding the SpaceX IPO.
To me, that is the reason behind the whole thing. TXSE is based in Dallas and has been gearing up to launch in 2026 or 2027, and an anchor launch with a company like SpaceX would make a hell of a statement.