SpaceX Joins Nasdaq-100 Today as $4.3 Billion Index Buying Hits

SpaceX (SPCX.OQ) officially joins the Nasdaq-100 on July 7, forcing passive funds including Invesco QQQ to buy shares and triggering an estimated $4.3 billion in mechanical demand. The inclusion caps a volatile post-IPO period that saw the stock surge from its $135 listing price to a $225.64 peak on June 16 before plunging more than 27% and erasing $811 billion in market value. Earlier Russell 1000 entry, corporate treasury purchases by Triller and Quantum Cyber, and the end of the 25-day quiet period enabling Wall Street research have all shaped sentiment, though staggered lockups through 2027 and a $25 billion bond offering continue to weigh on the shares.