SpaceX will join the Nasdaq-100, potentially drawing billions in passive buying

Nasdaq confirmed that SpaceX will join the Nasdaq-100 on July 7. ETFs and mutual funds tracking the index will need to buy the stock, with JPMorgan estimating about $4.3 billion of passive inflows. Index rules are adapting to a new generation of giant technology companies, but the debate is whether markets are pricing rockets, satellites, AI, and future infrastructure too early.