Overview
- Nasdaq has confirmed SpaceX will be added to the Nasdaq‑100 before the market opens on July 7, which will require index‑tracking funds to buy the stock as they rebalance.
- SpaceX went public in June at $135 a share and has been highly volatile since debut, with intraday peaks above $220 and a close near $164 reported at the end of June.
- Index providers moved rules earlier in June to speed inclusion of big new listings, and SpaceX has already been added to the Russell 1000 while S&P rules make it ineligible for at least a year.
- Wall Street has rapidly built an ecosystem around the ticker: new ETFs (including leveraged products) and listed options began trading while broker‑dealers reported record retail volumes and net retail buying.
- The market moves have materially raised Elon Musk’s reported net worth back above $1 trillion and could push ordinary retirement and index investors into owning SpaceX indirectly through passive funds.