Nasdaq Adds SpaceX to Index 100 with $4.3 Billion Passive Inflows on July 6-7

According to BlockBeats, on July 6, Nasdaq tracking funds completed a forced rebalancing and passively bought approximately $4.3 billion worth of SpaceX shares. Thousands of U.S. investors holding Nasdaq 100 index funds in 401(k), IRA, or regular accounts became SpaceX shareholders without knowing it. Starting July 7, SpaceX will officially join the Nasdaq-100 index as the fastest-ever company to enter a major U.S. index, with fund holdings comprising about 0.5%-0.7% of the index. The addition followed Nasdaq's May 1 rule change, which lowered entry requirements from the traditional three-month listing period and 10% public float minimum to just 15 trading days and five days' advance notice for companies ranked in the top 40 by market cap.

The real test comes on August 6, when SpaceX releases its first quarterly earnings report and approximately 20% of insider restricted shares become unlocked. With passive inflows ceasing and potential insider selling pressure, the supply-demand dynamic could reverse significantly.