The decision marks one of the fastest inclusions of a new public company in one of the major U.S. technology indices and boosts investor interest in the space sector and the field of artificial intelligence, according to Reuters.
Inclusion in the Nasdaq-100 means that funds that track this index will be required to purchase SpaceX shares to remain in line with their investment strategies.
Analysts estimate that demand for the company’s shares from passive investments alone could reach about $4.3 billion. This primarily involves large exchange-traded funds (ETFs), including those focused on the Nasdaq-100.
For the company, this means the emergence of a new class of investors—not only those betting on SpaceX’s business growth, but also funds that automatically buy shares due to changes in the index’s composition.
The Fastest Path to the Nasdaq-100
SpaceX first listed its shares on the Nasdaq on June 12, 2026. Just a few weeks later, the company qualified for inclusion in the Nasdaq-100.
This rapid inclusion was made possible by rule changes implemented by major index providers, including Nasdaq, FTSE Russell, and MSCI. They relaxed a number of requirements for newly public companies, including those related to profitability, time since the IPO, and the number of shares outstanding, Reuters reports.
At the same time, SpaceX’s financial performance remains a focus for investors. According to the publication, the company reported a net loss of $4.9 billion last year, despite high market valuations and growth expectations in the space launch, satellite communications, and artificial intelligence segments.
Are expectations too high because of “Musk’s magic”?
SpaceX’s inclusion in the Nasdaq-100 strengthens the company’s position as one of the largest players in the new tech economy. It is expanding in several directions at once: commercial space launches, the Starlink satellite internet service, defense contracts, and artificial intelligence technologies.
It is precisely this combination of the space business and AI that has sparked strong investor interest, notes Reuters.
However, the company’s high valuation also raises questions among some analysts. Some experts believe that the market has already priced in significant future expectations into SpaceX’s stock price. Furthermore, the company does not yet meet the requirements for inclusion in the S&P 500 index due to profitability criteria.
That said, the final valuation of SpaceX will depend not only on demand from index funds but also on the company’s ability to translate its technological advantages into sustainable profits.
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