Jun. 5, 2026
Nasdaq Office of General Counsel & Index Regulatory Committee RE: Opposition to Fast Entry Index Rules for IPO SpaceX To the Nasdaq Regulatory Team, I am writing as an individual market participant to express my opposition to Nasdaq's decision to shorten the index waiting period from three months to 15 days for mega-cap private entities, a move explicitly designed to accommodate the upcoming SpaceX IPO. By altering the seasoning period and removing standard float buffers, Nasdaq is shifting the risk of unproven, insider-heavy corporate structures to retirement savers who rely on the integrity of the Nasdaq-100 index. Nasdaq rules should remain as they are. All parties deserve equal treatment. The rules should not be changed to provide immediate liquidity to private venture capitalists at the expense of public market safety and the mom and pops 401ks.This rule change very much favors the IPO offerors and not the public. The Nasdaq must protect others that are not a party to the SpaceX IPO from the inside The Nasdaq Board MUST repeal the "fast entry" modifications and restore investor protections. Sincerely, 6-5-2026