Spacex Set to Join Nasdaq 100, Boosting Investor Interest
WHO:
CNN - SpaceX, led by CEO Elon Musk, is joining the Nasdaq 100 index.
Bloomberg Markets - Analysts at big global brokers are recommending investors buy SpaceX shares.
WHAT:
CNN - SpaceX's market value is over $2 trillion, making it the sixth-largest publicly traded stock in the United States.
Yahoo Finance - SpaceX went public with less than 5% of its shares available for trading, resulting in a smaller initial weighting in the Nasdaq 100 index.
Yahoo Finance - Analysts at Morningstar value SpaceX at half of its IPO debut price.
CNN - SpaceX will not be eligible for inclusion in the S&P 500 for at least a year, as it needs to register four quarters of profits.
CNN - SpaceX has already joined benchmark indexes offered by FTSE Russell and MSCI.
Yahoo Finance - SpaceX went public with less than 5% of its shares available for trading.
Yahoo Finance - A major unlock of SpaceX shares is expected in August, with larger waves of shares becoming available later in the year.
Seeking Alpha - Morgan Stanley has set a price target of $300 per share for SpaceX.
CNN - SpaceX is set to officially join the Nasdaq 100 index, triggering billions of dollars in automatic purchases by index funds.
Yahoo Finance - SpaceX is entering the Nasdaq-100 only 15 trading days after it started trading.
Yahoo Finance - JPMorgan estimates about $4.3 billion of passive demand tied to Nasdaq-100 inclusion, while BNP Paribas estimates closer to $8 billion.
CNN - SpaceX debuted for trading on the Nasdaq and Nasdaq Texas exchanges on June 12.
CNN - SpaceX shares are up almost 20% from the IPO target price of $135 a share.
CNN - SpaceX shares are down 21% from their closing peak shortly after the IPO.
WHERE:
CNN - SpaceX is joining the Nasdaq 100 index, which tracks the 100 largest non-financial stocks traded on the Nasdaq exchange.
WHEN:
CNN - SpaceX is set to join the Nasdaq 100 index on Tuesday.
Yahoo Finance - A major unlock of SpaceX shares is expected in August.
WHY:
CNN - The Nasdaq announced updated eligibility requirements for a stock to be included in the Nasdaq 100, allowing stocks to be eligible to join the index 15 days after an IPO.
CNN - Recent changes to index methodologies have enabled SpaceX shares to be fast-tracked into different stock market indexes.
Yahoo Finance - Index funds must buy SpaceX to maintain their portfolio's alignment with the Nasdaq-100 benchmark.
HOW:
Yahoo Finance - The process of rebalancing for index funds requires them to buy SpaceX shares and trim other holdings to maintain alignment with the Nasdaq-100 benchmark.
Yahoo Finance - The tradable slice of SpaceX shares, often called the float, is primarily held by insiders, employees, early investors, and other locked-up holders who are not yet free to sell most of their stock into the market.
CNN - Funds that track the Nasdaq 100 must buy SpaceX shares to continue mirroring its performance.
Yahoo Finance - The process of rebalancing requires funds to buy SpaceX and trim other holdings to match the benchmark.
(UPDATED July 7, 2026 17:41 UTC)
SpaceX's market value has soared to over $2 trillion, making it the sixth-largest publicly traded stock in the United States. However, with less than 5% of its shares available for trading, the company has a smaller initial weighting in the Nasdaq 100 index and will not be eligible for inclusion in the S&P 500 for at least a year, as it needs to register four quarters of profits. Analysts at Morningstar currently value SpaceX at half of its IPO debut price, which will require index funds to buy shares and adjust other holdings to maintain alignment with the Nasdaq-100 benchmark.
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(UPDATED July 7, 2026 15:53 UTC)
SpaceX has officially joined benchmark indexes offered by FTSE Russell and MSCI, marking a significant milestone for the company. Currently, less than 5% of SpaceX's shares are available for trading, but a major unlock is anticipated in August, with even larger waves of shares becoming available later in the year. Morgan Stanley has set a price target of $300 per share for SpaceX, as the Nasdaq has updated its eligibility requirements, allowing stocks to join the Nasdaq 100 just 15 days after an IPO.
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(UPDATED July 7, 2026 13:43 UTC)
SpaceX, under the leadership of CEO Elon Musk, is set to officially join the Nasdaq 100 index on Tuesday, which will trigger billions of dollars in automatic purchases by index funds. Analysts from major global brokers are recommending investors buy SpaceX shares, which have risen nearly 20% from their IPO target price of $135, despite being down 21% from their peak shortly after the IPO. With estimates of passive demand ranging from $4.3 billion to $8 billion tied to this inclusion, funds that track the Nasdaq 100 will need to buy SpaceX shares to align with the benchmark.