Elon Musk's SpaceX Scores Fast-Tracked Nasdaq-100 Entry After Stellar IPO With Billions In Passive Inflows Expected

Space Exploration Technologies Corp (NASDAQ: SPCX ) is set to join the Nasdaq-100 on July 7, a move expected to drive billions of dollars in passive investment as index-tracking funds add shares of Elon Musk’s aerospace and AI company. SpaceX’s Nasdaq-100 Inclusion Could Spark Billions In ETF Buying Nasdaq confirmed Friday that SpaceX will be added to the tech-heavy Nasdaq-100 index effective July 7, less than a month after the company’s June 12 public debut. The inclusion is expected to trigger a wave of buying from exchange-traded funds and mutual funds that track the Nasdaq-100, including Invesco QQQ Trust (NASDAQ: QQQ ) and NASDAQ 100 ETF (NASDAQ: QQQM ).

3 billion in passive inflows as index funds rebalance their portfolios to include SpaceX, Read Also: Could Elon Musk’s SpaceX Buy T-Mobile? S. listings. Despite the milestone, SpaceX has reported uneven financial results.

9 billion net loss last year. Meanwhile, S&P Global said earlier this month it will maintain its existing eligibility standards, meaning SpaceX will have to wait at least 12 months before it can be considered for inclusion in the benchmark S&P 500 index. The rule changes could also benefit future IPO candidates, with large language model developers OpenAI and Anthropic widely expected to pursue public listings over the next year. 77 in after-hours trading, according to Pro.

According to Edge Stock Rankings, SpaceX stock shares remain in a bearish trend across the short, medium and long term. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Image via Shutterstock Read Also: Bought SpaceX At The IPO? You're Up 23%.

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