> the inclusion rules are basically "these are the hard limits
The inclusion rules for indices change every couple of years. That’s why there is an index provider versus a mathematical formula. (There are also formulaic indices. They aren’t very popular.)
My comment never says the rules are set in stone permanently - only that every stock needs to abide by the current set, unless there's enough money in play in which case the rules are edited then and there to specifically accommodate that company.
> unless there's enough money in play in which case the rules are edited then and there to specifically accommodate that company
The Nasdaq 100 rule change covers multiple companies.
Like, there is so much wrong with the SpaceX IPO. It’s kind of weird, as someone who’s spent time in both the equity capital markets and private markets, to see this being the thing finance Twitter has fixated on.
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