SpaceX is set to join the Nasdaq-100 today, a move that could potentially trigger approximately $4.3 billion in passive inflows, according to estimates by JP Morgan. The inclusion in the index often results in a boost for companies as index-tracking ETFs and mutual funds adjust their holdings to reflect the benchmark.
The addition of SpaceX to the Nasdaq-100 follows its recent fast-tracking into the Russell 1000 index, where it was classified as a growth company. This classification aligns SpaceX with growth-focused investment portfolios linked to the Russell 1000. However, despite these inclusions, S&P Global has maintained its eligibility criteria for the S&P 500, ruling out a quick entry for SpaceX into this benchmark index.
SpaceX's financial performance has been mixed, with a reported net loss of $4.94 billion in 2025, despite a 33% increase in revenue to $18.67 billion, as per Reuters. Following its IPO, SpaceX shares experienced significant volatility, initially priced at $135 per share, debuting on Nasdaq at $150, and reaching an intraday high of $225.64 before closing at $153.23 last Friday.
The stock remains approximately 20% above its initial listing price, even after a pullback. Investors are now keenly observing whether the anticipated passive inflows from the Nasdaq-100 inclusion will translate into further gains, or if the market has already priced in this development.
The inclusion in major indices like the Nasdaq-100 and Russell 1000 is a significant milestone for SpaceX, reflecting its growing influence in the market. However, the company's exclusion from the S&P 500 highlights the challenges it faces in meeting profitability criteria.
Background
SpaceX's inclusion in major stock indices marks a significant step in its market journey, reflecting its growth and potential impact on investment portfolios. However, the company's financial challenges, including significant net losses, remain a critical factor for investors.
Looking ahead, investors will be closely monitoring SpaceX's market performance post-inclusion in the Nasdaq-100. The key question remains whether this development will sustain the stock's upward momentum or if other market dynamics will prevail.
