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SpaceX set to join Nasdaq 100, paving way for wave of passive buying

SpaceX (SPCX) will officially join the Nasdaq 100 on July 7 following a change in eligibility rules for mega-cap companies. The move is expected to trigger billions in passive investment from ETFs. Some analysts, including Morningstar, have raised concerns regarding the stock's valuation.

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Confirmed date and ticker for SpaceX's entry into the Nasdaq 100 index.

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  1. SpaceX to Join Nasdaq 100 Index on July 7

    SpaceX (SPCX) will officially join the Nasdaq 100 on July 7 following a change in eligibility rules for mega-cap companies. The move is expected to trigger billions in passive investment from ETFs. Some analysts, including Morningstar, have raised concerns regarding the stock's valuation.

    What's confirmed:

    • SpaceX (SPCX) will join the Nasdaq 100 index on July 7.
    • The inclusion follows a rewrite of Nasdaq eligibility rules to allow newly public mega-cap companies to enter without a traditional seasoning period.
    • The addition is expected to attract billions in passive investment and drive ETF buying demand.
    • The S&P 500 maintains stricter entry rules for SpaceX than the Nasdaq 100.

    Still unconfirmed:

    • Donald Trump believes Elon Musk will donate SpaceX stock to a US child savings scheme.
    • SpaceX has fluctuated between sharp losses and small profits over the last three years.
    • Morningstar expresses concerns about the stock's valuation.
    confidence 95%