The Rocket Fuel of Expectations: SpaceX's Nasdaq 100 Debut The news that SpaceX has joined the tech heavy Nasdaq 100 index, less than a month after its stock market debut on June 12, sent shockwaves through Wall Street and beyond.
Some analysts hail this move as a vote of confidence in Elon Musk's vision for the company, while others caution against getting carried away with the hype.
SpaceX's inclusion in the Nasdaq 100 will unleash billions in passive buying, as index funds and exchange traded funds (ETFs) tied to the benchmark snap up shares to match its new composition.