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SpaceX joins the Nasdaq 100, clearing way for potential investment influx. Here’s what to know

SpaceX founder and CEO Elon Musk speaks via video at the Nasdaq Marketsite in Times Square during the launch of the SpaceX initial public offering (IPO) on the Nasdaq on June 12, 2026, in New York City. (Spencer Platt/Getty Images)

(NEW YORK) — Elon Musk-led rocket and AI company SpaceX joined the Nasdaq 100 on Tuesday, clearing the way for a potential influx of investment as funds pegged to the major index were expected to add the firm.

SpaceX will all but certainly become a part of many individuals’ 401(k) accounts soon. Those accounts often hold index funds, which track indexes like the Nasdaq 100.

Until recently, newly listed companies were barred from major indexes until after an extended waiting period. But the Nasdaq issued a rule change in May permitting “fast entry” to the Nasdaq-100 for some major IPOs. Over the ensuing weeks, some other top exchanges also tweaked their rules.

Entry into the index marked the latest development for SpaceX after a roller coaster in the company’s shares following an initial public offering (IPO) last month. The stock price soared roughly 50% in the initial three days after the public listing on June 12, before shedding just about all of those gains within days.

SpaceX shares dropped nearly 6% in early trading on Tuesday, putting the price at about $151. The SpaceX IPO, the largest ever, opened trading last month at $150 per share.

The IPO made Musk the first trillionaire, vaulting the world’s richest person further ahead of other financial titans. After SpaceX shares tumbled on Tuesday, Musk’s net worth fell to $973 billion, according to Forbes. The second-wealthiest person alive, Google founder Larry Page, holds a net worth of $303 billion, Forbes said.

The IPO pulls in fresh funds for the Texas-based firm, which oversees Musk’s ambitions in the fast-growing but cost-intensive AI industry. The company aims to raise as much as $75 billion from its public listing.

SpaceX builds and operates spacecraft, including thousands of satellites deployed in support of its Starlink satellite internet service. In February, the company merged with xAI, a Musk-led AI company that offers a chatbot in competition with the likes of OpenAI’s ChatGPT and Anthropic’s Claude.

The company’s revenue jumped to $18.7 billion in 2025, soaring 33% compared to the previous year, a financial filing showed. Nearly a quarter of that revenue came from Starlink, which counted millions of subscribers. Still, SpaceX failed to turn a profit, registering a loss of $4.9 billion last year.

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Trump gets a much-needed South Carolina win and other takeaways from Tuesday’s elections

By CNN
(CNN) — President Donald Trump demonstrated his might with Republican primary voters Tuesday in South Carolina, as CNN’s Decision Desk projected that Darline Graham — the sister of the late Sen. Lindsey Graham and the president’s pick in the state’s special Senate primary runoff — will claim the GOP nomination.Now favored to win a full term in November, Darline Graham is, in many ways, a senator of Trump’s own making. The president lobbied South Carolina’s governor to appoint her to fill the remaining months in her brother’s term after he died in July. Then, he privately and publicly pressed her to run for a full six-year term.And when it looked like her rival in the runoff, Rep. Ralph Norman, might win, Trump visited Myrtle Beach to rally Republican loyalists to Graham’s cause, as his super PAC, MAGA Inc., disclosed spending more than $827,000 to support Graham.Graham’s win is narrow — she led by just a few percentage points Tuesday evening — but symbolically significant for the president in a month full of political setbacks, with six of his endorsed picks losing Republican primaries.Trump’s preferred candidate in the Oklahoma governor’s race, former state Sen. Mike Mazzei, meanwhile, was locked in a close Republican primary runoff against state Attorney General Gentner Drummond as ballots were being counted Tuesday night.And in a low-turnout special election runoff in Georgia, Democrats filled a vacancy in the narrowly divided House.Here are takeaways from Tuesday’s elections in South Carolina, Oklahoma and Georgia:A badly needed win for TrumpDarline Graham took to the stage at her victory party Tuesday night and declared: “South Carolina is truly Trump country.”Unlike her brother, who was close to the late Sen. John McCain and built a reputation as a foreign policy hawk independent from Trump, Darline Graham’s political profile was tied entirely to the president.“Our victory would not have been possible without you, and we are truly grateful,” she said in a message directed at Trump.For Trump, the win was badly needed — a victory in one of his highest-risk interventions in Republican primaries this year, after a string of several losses this month and with midterm elections just over two months away. It could serve to remind Republican lawmakers who might be looking to distance themselves from an unpopular president of the potential political costs of being at odds with Trump.Norman acknowledged Trump’s role in the race’s outcome, telling his supporters Tuesday night that “the president got involved. He has that right.”“I never understood why he got in this race,” Norman said as some members of the crowd booed the president. “But it is what it is, and I’ll accept it.”Graham is now set to face Democratic nominee Annie Andrews, a pediatrician, in November. Andrews on Tuesday challenged Graham to at least three televised debates, saying in a statement that “no appointment, endorsement, or family connection entitles anyone to six years” in the Senate. Still, Graham is heavily favored to win the deep-red state in the general election.A senator of Trump’s makingTrump has endorsed a slew of candidates this year, but rarely has he put his own political capital on the line like he did in South Carolina.When Trump initially talked up Darline Graham to fill the seat of her late brother, and Gov. Henry McMaster complied, it seemed like a short-term gig. The seat was already on the ballot for a full six-year term in November, so she’d have been a placeholder for a few months, until South Carolina voters nominated and elected one of the state’s myriad experienced Republicans who had been waiting decades for a Senate vacancy.But Trump doubled down three days after she was sworn in, urging her on social media to seek a full term. And, days later, she announced she would do so.The president’s “complete and total endorsement” wasn’t enough to clear the field. After all, Darline Graham had no political experience, and her brother wasn’t exactly beloved among conservative voters in South Carolina: He’d earned just 57% of the vote in his primary two months earlier against a handful of relative unknowns.The results of the August 11 primary suggested she could be defeated in the runoff. She finished first, but with just shy of 33% of the vote.There were reasons to believe Trump’s influence might be limited. After all, his choice in South Carolina’s GOP primary for governor, Lt. Gov. Pam Evette, lost to state Attorney General Alan Wilson — who Trump also endorsed at the last minute when it was clear his preference was on course for defeat.The president did not have the luxury of the same face-saving tack here: Norman had endorsed and campaigned with former Gov. Nikki Haley as she ran against Trump for the 2024 GOP presidential nomination.Graham’s inexperience was on display during a debate with Norman earlier this month, when she declined to answer a question about Taiwan and the South China Sea, saying that national security was “not my thing.”But Trump carried Graham over the finish line. He visited South Carolina on Friday, telling Republicans that he’d personally lobbied her to run for a full term. “Pretend, please, that I’m on the ballot,” he urged GOP voters.Another endorsement test in OklahomaAnother Trump-endorsed candidate, Mazzei, was locked in a tight race Tuesday night against Drummond in the hard-fought runoff for the Republican nomination for governor.The two are vying to take on Oklahoma House Minority Leader Cyndi Munson, the Democratic nominee, in the race to replace term-limited Republican Gov. Kevin Stitt in November.The race was another test of Trump’s influence — and there were significant questions over whether his endorsement would be enough for Mazzei, after Trump’s picks in Republican gubernatorial primaries in Georgia, Iowa and Minnesota all lost earlier this year.A key divide in the primary was a proposed $4 billion aluminum smelter at the Tulsa Port of Inola, estimated to bring about 1,000 jobs to the area. Trump touted the plant, claiming on Truth Social that it “will be one of the best projects ever conceived or built, not only in the Great State of Oklahoma, but in the United States, itself.” But, amid local concerns about pollution and damage to the livestock economy, Drummond has sued, asking a federal court to block the plant’s construction.Georgia Dems fill a House seatCNN projects that Democrat Everton Blair, a former Gwinnett County School Board chair, will win the special election for Georgia’s 13th District House seat vacated by the late Rep. David Scott’s death in April.But he won’t hold that seat for long.Blair, who will be the first out gay member of Congress from Georgia, defeated the longtime lawmaker’s daughter Marcye Scott in the special election runoff on Tuesday. He campaigned on a pledge to be a stronger opponent to Trump and advocate for a more progressive affordability agenda than both the late congressman and his daughter.However, Blair finished a distant third in the regular House primary earlier this year, so he won’t be on the ballot in November.State lawmaker Jasmine Clark is the Democratic nominee for a full two-year term in the deep-blue district in November. She did not run in the special election because under state law, she would have had to resign her seat in the Georgia House — costing Democrats a seat just as Republican Gov. Brian Kemp was launching an unsuccessful push for mid-decade redistricting.In the meantime, Blair’s win, and the special election of state Sen. Aisha Wahab in California last week, will help Democrats further narrow the already razor-thin GOP majority in the House.CNN’s Katie Doran and Adam Cancryn contributed to this report.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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