SpaceX Joins the Nasdaq-100 on July 7. What It Means for Index Fund Investors

SpaceX will be added to the Nasdaq-100 index on July 7, just 15 trading days after its June 12 IPO under new fast-track rules. This forced buying is expected to total about $4.3 billion, with the stock entering at less than 1% weighting due to modified index rules. Index fund investors will gain indirect exposure to the volatile, money-losing company without actively choosing it.