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by john_strinlai 20 days ago
>The NASDAQ 100 is an exception, and has changed its rules to weight companies at up to three times their free float, in an apparent effort to woo Mr Musk.

im not a finance guy, can someone explain to me why the nasdaq would want to "woo" someone specifically? what benefit would nasdaq get? or, alternatively, what harm would befall nasdaq for not woo-ing musk?

1 comments

Nasdaq earns money every time a stock is traded on their exchange (a very small amount per trade, but it adds up) in addition to other listing fees that the company pays. So it's definitely in their interest if Musk chooses to list SpaceX on Nasdaq instead of, say, NYSE.