SpaceX to Join Nasdaq 100 on July 7, Spurs 1.5% Pre-Market Gain
SPCX•SpaceX will officially join the Nasdaq 100 index on July 7, triggering anticipated purchases by index-tracking funds such as the Invesco QQQ Trust and major asset managers. Shares rose 1.5% premarket to over $155, trading within a $150–$226 range since their June 12 IPO.
1. Nasdaq 100 Index Addition
Nasdaq announced that SpaceX will be added to the Nasdaq 100 index before the market opens on July 7 as part of its periodic rebalancing. The move follows preparatory actions by multiple index providers to accelerate mega-IPO entries. Official inclusion will automatically trigger purchases by funds that replicate the benchmark indices.
2. Expected Capital Inflows
Major passive investors such as the Invesco QQQ Trust, Vanguard and BlackRock are set to acquire SpaceX shares to match the new index weighting, while active managers like Ark Investment funds may also add positions. Pre-market trading responded with a 1.5% advance to above $155 on expectations of these inflows. The added demand could inject significant liquidity into the newly listed stock.
3. Trading Performance Since IPO
SpaceX shares opened at $150 on their June 12 IPO, reached intraday highs above $226 and fell below the $150 level before stabilizing. They closed last week slightly above $153, reflecting muted volatility over two weeks of trading. The current range remains well above the pre-IPO reference price of $135.
