SpaceX to be added to the Nasdaq 100
CNBC Television·2026-07-06 19:30
After the closing bell tonight, index funds tracking the Nasdaq 100 have to start buying SpaceX stock whether they want to or not. There are more than $800 billion in assets that directly track the Nasdaq 100, more than half of which from Invesco's QQQ. JP Morgan estimates there will be about $4.3% billion worth of forced purchases flows into SpaceX by funds that have to reflect its waiting in the composite before it officially appears there tomorrow.SpaceX's weight in the Nasdaq 100 will be very small at f ...