What Happened
Mega IPO Sparks Rule Changes in Major Stock Indexes
SpaceX is set to go public in what’s expected to be the largest IPO ever, with a valuation of up to $2 trillion and up to $75 billion raised in the offering. The company’s mega valuation and low float may impact its weighting in major indexes, such as the CRSP Total Market and Nasdaq 100. Index providers are evolving their rules to accommodate the IPO, with some indexes expected to include SpaceX sooner than others. This story was first reported by Business Insider.