JULY 7, 2026

SpaceX joins the Nasdaq 100, giving index fund investors automatic exposure to the stock

SpaceX is set to officially join the Nasdaq 100 index, triggering automatic purchases by the more than 200 investment products with roughly $800 billion in assets that track the index. The company debuted for trading on the Nasdaq and Nasdaq Texas exchanges on June 12, making it eligible after Nasdaq updated its eligibility rules in May to allow inclusion 15 days after an IPO rather than after at least three months. SpaceX's market value exceeds $2 trillion, making it the sixth-largest publicly traded stock in the United States.

SpaceX's entry into the Nasdaq 100 — the index tracking the 100 largest non-financial stocks traded on the Nasdaq exchange — follows a rapid series of changes by major index providers to accommodate what analysts have described as the largest IPO in history. Peter Haynes, head of index and market structure research at TD Securities, said "all the different index providers needed to look at their rules and make sure they were fit for purpose, taking into consideration that SpaceX is the largest IPO in history."

Despite its $2 trillion market cap, SpaceX will enter the Nasdaq 100 with a relatively small weighting. Because Nasdaq's index methodology weights stocks by the number of shares available for trading, and SpaceX went public with less than 5% of its shares freely tradeable, CNN reported that a $100 investment in a Nasdaq 100 fund would translate to roughly $1 of SpaceX exposure at launch. That weighting is expected to grow as lock-up periods expire and more shares reach the market.

SpaceX has already joined indexes offered by FTSE Russell and MSCI. However, S&P Dow Jones Indices did not update its methodology, meaning SpaceX will not be eligible for the S&P 500 for at least a year. To qualify for the S&P 500, the company would need to register four consecutive quarters of profits — a threshold that took Tesla a decade to meet, according to CNN.