Jeremy Grantham Criticizes Nasdaq Over Early Inclusion of Unprofitable SpaceX in Index

Legendary investor Jeremy Grantham criticized Nasdaq for allegedly altering its rules to include unprofitable SpaceX in the Nasdaq-100 index ahead of its IPO. He described the move as 'cheating' and warned it could create artificial demand due to mandatory index fund purchases.

By Chris Katje Sat, July 11, 2026 at 10:31 PM GMT+3 6 min read · Yahoo Finance · July 11, 2026, 19:31 UTC

Tickers: $NDAQ $SPCX

Topics: IPO Jeremy Grantham Nasdaq-100 SpaceX stock market rules

Read the full article at Yahoo Finance

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