SpaceX joins the Nasdaq-100 on July 7, triggering billions in passive fund buying

SpaceX is set to join the Nasdaq-100 on July 7, a move that will trigger billions of dollars in passive fund buying. This rapid inclusion is expected to amplify passive investment flows, potentially altering market risk profiles and reshaping overall index dynamics. The addition of SpaceX to the index paves the way for a significant wave of passive buying as funds adjust their holdings to include the company in their portfolios.