SpaceX set to enter Nasdaq-100 as it eyes direct‑to‑consumer Starlink mobile service

SpaceX completed the largest U.S. initial public offering in history on June 12, 2026, raising a valuation of roughly $1.77 trillion. New fast‑track rules at FTSE Russell and Nasdaq allowed the company to be added to the Russell 1000 after only five trading days and to the Nasdaq‑100 after 15 days. The Nasdaq announced that SpaceX will join the Nasdaq‑100 on July 7, giving it a weighting of less than 1% but triggering mandatory purchases by index funds and ETFs that track the benchmark. Analysts estimate $4 billion‑$5 billion of passive inflows as funds such as Invesco’s QQQ rebalance their portfolios.

In parallel, SpaceX is discussing a retail Starlink mobile service for U.S. consumers. The plan, disclosed to investors during the IPO roadshow, could involve selling mobile contracts directly to customers and possibly building a proprietary ground‑based network. To support this, SpaceX purchased $17 billion of spectrum licences from EchoStar and an additional $2.6 billion of spectrum, giving it a foothold for direct satellite‑to‑cellular connectivity. The service would put the company in direct competition with Verizon, AT&T and T‑Mobile, though analysts note the company’s current spectrum holdings (around 65 MHz) are far smaller than those of the incumbent carriers.