SpaceX to join Nasdaq 100 on July 7, set for billions in passive fund inflows

SpaceX to join Nasdaq 100 on July 7 underscores how index inclusion can quickly reshape passive flows and trading demand. Reuters reported that Nasdaq will add SpaceX to the Nasdaq 100 on July 7, after the exchange eased several eligibility requirements tied to profitability, time since an IPO, and public share float. SpaceX debuted on the Nasdaq on June 12 and reported a net loss of $4.9 billion last year, with financial results described as mixed over the prior three years. Funds tracking the Nasdaq 100, including Invesco’s QQQ and QQQM, will need to buy shares to reflect the change. J.P. Morgan estimates roughly $4.3 billion in passive inflows, though some market participants remain cautious about valuation. S&P Global said it will not relax its rules, and SpaceX won’t be eligible for the S&P 500 until it trades publicly for at least 12 months.