SpaceX Joins Nasdaq-100; BlackRock to Launch Cheaper IQQ ETF
QQQ•SpaceX will join the Nasdaq-100 effective September 18, and 19 analysts project an average 35% upside for SPCX. BlackRock plans to launch IQQ, a Nasdaq-100 ETF with a 0.08% expense ratio versus QQQ’s 0.20%, potentially redirecting inflows and weighing on QQQ’s asset growth.
1. SpaceX to Join Nasdaq-100
SpaceX will be added to the Nasdaq-100 effective after the close on September 18, marking its first inclusion among the index’s 100 constituents. Analysts covering SPCX have set an average price target implying 35% upside, underpinning potential rebalancing flows into QQQ as funds adjust to the new weight.
2. BlackRock Introduces Lower-Cost IQQ ETF
BlackRock has filed to launch IQQ, an ETF tracking the Nasdaq-100 with a 0.08% expense ratio, less than half of QQQ’s 0.20%. The planned launch, expected in early August, could attract cost-sensitive investors and pressure QQQ’s inflows and fee competitiveness.
