SpaceX IPO triggers automatic QQQM exposure

SpaceX's June 12 IPO will automatically include investors in the Invesco QQQM ETF due to Nasdaq's rule change. Companies now enter the Nasdaq-100 if they rank in top 40 by valuation in first week and trade for 15 days. QQQM, which tracks the Nasdaq-100, will gain exposure to SpaceX with a $1.