SpaceX to Join Nasdaq-100 on July 7, Driving Index-Fund Demand for SPCX Stock

Elon Musk’s SpaceX, which notably holds Bitcoin on its balance sheet, is set to join the Nasdaq-100 on July 7, marking a positive for the SPCX stock, which recently recorded significant losses. The stock will see demand from funds tied to the index and those that also track the index.

SpaceX To Join The Nasdaq-100 Next Month

In a press release, Nasdaq announced that the aerospace company will become a component of the Nasdaq-100 index before the market opens on Tuesday, July 7, 2026. This notably marks one of the fastest additions to the stock market index.

This development also follows Nasdaq’s adoption of a fast-track framework, which makes it possible for SpaceX to join the index less than a month after its public listing. Under Nasdaq’s new framework, fast entry candidates ranked in the top 40 and meeting all applicable eligibility criteria may join the index after 15 trading days.

SpaceX is likely to enter the index with a weighting of less than 1%. The company’s inclusion in the index could create new demand for the SPCX stock, with index funds tracking the Nasdaq-100 purchasing shares to rebalance their portfolios. Funds that actively track the stock market index could also add SPCX shares to their position.

Meanwhile, this development comes on the back of the company’s inclusion in the Russell 1000 yesterday. Ethereum treasury company Bitmine also joined the Russell 1000 yesterday, a move that could create new demand for the BMNR stock.

SPCX Stock Recovers Following Recent Losses

The SPCX stock recovered in yesterday’s trading session, rising to a high of around $158 amid the announcement of the Nasdaq-100 inclusion, according to TradingView data. However, the stock is still down over 18% in the last five days.

SpaceX’s stock saw fresh demand from buy-the-dip investors, including Cathie Wood’s ARK Invest. As CoinGape reported, ARK bought up to 45,728 shares for approximately $7 million. ARK also bought crypto stocks such as CRCL, HOOD, and COIN.

The stock also recovered after Elon Musk’s company received the FTC’s green light to acquire the startup Mesh, which could boost its data center operations. However, the SpaceX bond sale also raises concerns that may have contributed to the recent decline in SPCX stock.

The bonds sold off yesterday, just days after the company raised $25 billion through the offering, with paper losses exceeding $300 million yesterday. Allianz Chief Investment Officer Ludovic Subran opined that the bond sale signals that the market may be moving past a healthy rally.