SpaceX Stock Heads for Nasdaq 100 – Here’s What to Expect

Mitrade Team
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Source: DepositPhotos

SpaceX (SPCX) will join the Nasdaq 100 on July 7, just 15 trading days after its initial public offering, setting a record as the fastest index inclusion in the benchmark’s history.

The confirmation came one day before Musk’s 55th birthday. His aerospace company will enter one of the world’s most closely tracked equity benchmarks just weeks after its public debut.

SpaceX’s Record IPO and Nasdaq Entry

SpaceX listed on the Nasdaq on June 12, pricing shares at $135 per share. The company raised roughly $75 billion in what became the largest IPO in history.

That placed SpaceX’s initial valuation at $1.77 trillion. It entered the market as one of the most valuable publicly traded firms in the United States.

SpaceX is the first company to benefit from a Nasdaq rule that fast-tracks large new IPOs into the index. The updated criteria require only 15 trading days before eligibility, down from a significantly longer waiting period.

Index funds like the Invesco QQQ Trust must now buy SPCX before markets open on July 7. Analysts expect that forced buying will drive near-term demand for the stock.

NASDAQ-100 (NDX)NASDAQ-100 (NDX). Source: Nasdaq

The move also triggers index rebalancing across Nasdaq 100-linked portfolios globally. Other constituents may see reduced weightings as SpaceX takes its place in the benchmark.

Stock Performance and Market Caution

SpaceX shares surged nearly 19% on debut day, closing at $161. The stock has since pulled back, with SpaceX stock near $148 now a closely watched level for traders following the post-IPO move.

However, not all market observers view the rapid rise without reservations. Allianz has raised concerns about the SpaceX bubble, warning that its current valuation may outpace near-term fundamentals.

The concern centers on whether SpaceX’s revenues can support a valuation now embedded in a major benchmark.

SpaceX Stock PerformanceSpaceX Stock Performance. Source: TradingView

Musk’s Wealth and Wider Ambitions

The Nasdaq 100 entry follows a turbulent stretch for Musk’s personal finances. SpaceX’s share price decline briefly pushed his total wealth below $1 trillion before a partial recovery. The episode showed how directly his net worth tracks SPCX’s daily price moves.

As his public market exposure expands, policymakers have taken notice. Legislative proposals targeting Musk’s unrealized gains have gained traction, with his holdings now spanning multiple major benchmarks. The Nasdaq 100 entry places SPCX at the center of funds managing trillions in retirement and institutional capital.

Beyond aerospace, Musk’s other ventures continue to advance. X Money P2P payments went live recently, extending its reach into financial services outside the space industry.

How institutional demand ahead of July 7 shapes SPCX’s range will show how much the market has priced in. Musk turns 55 as his company is now seated at the benchmark that defines large-cap technology investing.

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Disclaimer: The content presented above, whether from a third party or not, is considered as general advice only. CFD trading involves significant risk of loss. Past performance does not guarantee future results. This article serves informational purposes only and does not constitute financial advice. Consider your risk tolerance before trading.

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