SpaceX Stock Edges Higher Before Joining Nasdaq-100 Index on July 7

Space Exploration Technologies Corp (NASDAQ: SPCX ) shares are trading marginally higher Thursday morning, performing in-line with the broader Industrials sector, which has climbed over 0.7%. While company-specific news is light for the session, sentiment is potentially being anchored by SpaceX’s decision to extend Starlink connectivity support in Venezuela following recent major earthquakes. Additionally, the stock continues to ride an index-inclusion tailwind. SpaceX is scheduled to join the Nasdaq-100 before the opening bell on July 7, an institutional shift expected to trigger substantial passive buying from index-tracking funds as they rebalance their portfolios. SpaceX stock is trading at depressed levels. What should traders watch with SPCX? What’s Happening With SpaceX Stock This Week? Starlink says it will provide free internet service through July 25 for new and existi...