SpaceX (SPCX) officially enters the Nasdaq-100 on July 7, just weeks after its record-breaking $75B IPO priced at $135/share. Index funds tracking the QQQ are estimated to absorb ~$4.3B in passive inflows as managers rebalance. The stock surged 7.2% Monday on the news before pulling back ~1.7% in premarket this morning around $161. Not financial advice — but does the index-inclusion trade still have legs, or is it fully priced in? #stocks #spacex
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