ETF Investors Gain Indirect SpaceX Ownership After Nasdaq-100 Inclusion

SpaceX joined the Nasdaq-100 on July 7, triggering $4.3 billion in forced passive buying across more than 200 ETFs managing $800 billion. Millions of investors in funds like QQQ now hold the stock automatically despite never purchasing it directly. The inclusion came just 15 trading days after the June 12 IPO, with the stock closing at $160.42 after a 29% drop from its June peak and a 1.3% index weight. Staggered lockup expirations starting mid-July could add future supply pressure, while Wall Street coverage has turned positive amid elevated valuation above 110x sales.