SpaceX will be added to the Nasdaq 100 index effective July 7, the exchange operator confirmed Friday.
The inclusion marks one of the fastest paths to the benchmark for a newly public company, following Elon Musk’s aerospace and artificial intelligence firm’s highly anticipated market debut earlier this month.
The move is expected to trigger a substantial wave of passive investment flows.
Index-tracking funds and ETFs that replicate the Nasdaq 100 will be forced to purchase shares to align their portfolios with the new index composition.
This mechanical buying pressure typically supports the stock price in the days leading up to and following the effective date, as fund managers adjust their holdings to minimize tracking error.
SpaceX’s rapid ascent into the index underscores the market’s appetite for high-growth technology and space-sector equities.