Why your 401k just bought SpaceX
SpaceX is set to join the Nasdaq-100 index on July 7, 2026, marking one of the fastest inclusions in the exchange's history. This rapid addition is made possible by new "Fast Track" rules that allow large-scale initial public offerings to qualify for the benchmark in only fifteen trading days. The move is expected to trigger over $4 billion in automatic stock purchases from passive index-tracking funds and ETFs, creating a structural floor for the share price. Despite this milestone, the company remains excluded from the S&P 500 due to that index’s more stringent requirements regarding…
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