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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that raises questions about governance standards in U.S. financial markets, famed investor Jeremy Grantham has criticized Nasdaq for allegedly altering its listing rules. According to reports, Grantham claims these changes were specifically designed to facilitate a quicker entry for SpaceX into the Nasdaq 100 index. The criticism highlights a perceived shift toward regulatory flexibility to accommodate high-profile private entities faster than traditional protocols would typically allow.
The controversy emerges as major exchanges compete for high-valuation tech firms; SpaceX was recently valued at approximately $210 billion in private secondary markets (per Bloomberg data). For context, this valuation surpasses established index peers like Lockheed Martin, which holds a market cap of roughly $115 billion, illustrating why Nasdaq might be incentivized to integrate such a massive private player to drive institutional inflows.
Regarding market levels, the SPCX ticker closed at $160.42 (close of July 6, 2026), having traded within a range of $155.04 to $167.90 during that session. Investors are now looking for any official response from the SEC regarding index eligibility rules, while also monitoring macro catalysts such as the Fed Waller speech scheduled for later today, July 6, which could impact broader growth-sector sentiment.