Whether professional investors think SpaceX is worth it or not, they face intense pressure to buy into the IPO after Nasdaq loosened its index inclusion rules to allow large-cap stocks to join just 15 days after listing, down from a three-month waiting period. Fund managers who sit out risk underperforming benchmarks if shares surge, while those who buy in have safety in numbers, creating a dynamic that benefits SpaceX’s $75B offering. At a projected valuation surpassing $1T, SpaceX would eclipse Meta’s market cap despite having a fraction of its revenue, with PitchBook analysts noting the market is pricing in growth trajectories from 2030 and beyond, not current fundamentals.
