Nasdaq-100 ETF Holdings Diverge as SpaceX Fast-Entry Set at $1.75T
QQQ’s performance split as Amazon, Nvidia, Alphabet and Meta rallied off late-March lows while Tesla, Microsoft and Apple trailed, with Tesla down 13% overall. Nasdaq’s fast-entry rule would add SpaceX to QQQ within 15 days of its IPO at a $1.75 trillion valuation, forcing passive funds to buy its 5% float.
1. Divergence Among Magnificent Seven Holdings
Within the Nasdaq-100 ETF, Amazon, Nvidia, Alphabet and Meta have rallied sharply from late-March lows, while Tesla, Microsoft and Apple have lagged; Tesla remains 13% below its February 27 level.
2. Potential SpaceX Inclusion Under Fast-Entry Rule
SpaceX’s confidential IPO filing targets a $1.75 trillion valuation and up to $75 billion raised, and Nasdaq’s fast-entry rule would require the ETF to add SpaceX within 15 trading days, forcing passive funds to buy its roughly 5% float at market prices.