SpaceX to Join Nasdaq-100 on July 7, Driving Index-Fund Demand for SPCX Stock

Elon Musk’s SpaceX, which notably holds Bitcoin on its balance sheet, is set to join the Nasdaq-100 on July 7, marking a positive for the SPCX stock, which recently recorded significant losses. The stock will see demand from funds tied to the index and those that also track the index.