SpaceX set to join Nasdaq 100, paving way for wave of passive buying

SpaceX is set to be included in the Nasdaq 100 index following the listing debut on June 12, with J.P. Morgan estimating around $4.3 billion in passive inflows from index-tracking funds. The move comes after Nasdaq, FTSE Russell, and MSCI relaxed entry requirements on profitability, days post-IPO, and free float to attract more US listings. Other major AI firms OpenAI and Anthropic are expected to file for IPOs at valuations potentially above $1 trillion, though Morningstar flagged SpaceX as overvalued and S&P Global said it will wait at least 12 months before considering SpaceX for the S&P 500.