Nasdaq confirmed that SpaceX will be added to its flagship Nasdaq 100 index, which tracks the largest U.S.-listed technology firms. The inclusion means exchange-traded funds and index funds tied to Nasdaq 100 will automatically buy SpaceX shares, providing a significant boost to the stock.

J.P. Morgan estimated passive inflows of $4.3 billion as a result of the listing. The move comes less than a month after SpaceX’s IPO on June 12, facilitated by Nasdaq and other index providers easing listing requirements, including profitability and float criteria, to attract more companies.

Reuters reported that SpaceX’s financial performance has been volatile, swinging between modest profits and heavy losses, with net losses of $4.9 billion last year despite revenue growth. Morningstar strategist Michael Field said the accelerated inclusion reflects strong demand for the stock, though some fund managers argue it is overvalued.

S&P Global stated it will not consider adding SpaceX to the S&P 500 until at least 12 months after its IPO. Meanwhile, other AI giants such as OpenAI and Anthropic are preparing IPOs, with market valuations projected to exceed $1 trillion each, signaling a wave of mega-listings in U.S. tech.