SpaceX added to Nasdaq 100, set for passive fund boost

SpaceX is set to join the Nasdaq 100 on July 7, a change expected to boost passive investing flows into the rocket and AI company. Nasdaq confirmed on June 26 that SpaceX will be included in the technology-focused index following its Nasdaq debut on June 12. The move typically increases demand because index-tracking ETFs and mutual funds must buy shares when a component is added. To encourage more U.S. listings, Nasdaq and index providers FTSE Russell and MSCI have loosened eligibility rules covering profitability, post-IPO waiting periods, and share availability for public trading. J.P. Morgan estimates SpaceX’s addition could generate about $4.3 billion in passive inflows. Morningstar strategist Michael Field cited strong demand behind Nasdaq’s fast-track approach, while S&P Global said it will wait at least 12 months before considering SpaceX for the S&P 500.