The “Nasdaq 100 Methodology” announced by Nasdaq in May 2026 states that for companies whose share price ratio falls below a certain level (33.3%), incremental restrictions are introduced during index calculation. This measure is designed to prevent companies holding large amounts of shares from acquiring excessive influence; if the share price rises, it can directly affect the share price of stocks within Nasdaq 100.
On June 12, 2026, SpaceX conducted a public offering at $135 per share (approximately ₩18,1305). The SEC registration documents distinguish between shares that can be traded immediately after the IPO and those with restrictions on sale for existing shareholders; they specify that trading will become possible gradually after the protective period ends. Some of Musk’s and other holdings are subject to longer restrictions than other shares, and sale restrictions on specific holdings are expected to be eased sequentially from the second half of 2026.
The release of the protective period is a step that allows existing shareholders to sell their shares; however, this does not mean all shares will immediately enter the market. The actual sale amount varies depending on holdings, share prices, and the share prices of other stocks within Nasdaq 100. Exchange-traded funds (ETFs) and mutual funds adjust their holdings after index changes to align with target share price, so if SpaceX’s share price changes, subsequent funds may experience a change in net buying or selling volume.
SpaceX shares trade on Nasdaq under the ticker SPCX, and since the post‑listing restricted supply of shares increases gradually, both the index’s share price and market supply must be considered together. The results of SpaceX's 9th‑month relisting and the schedule for releasing the protective period have not yet been disclosed; once the final circulating share ratio and index share price are announced by Nasdaq, subsequent funds’ actual buying or selling volume can be calculated.