[JPMorgan: SpaceX's Inclusion in the Nasdaq-100 Index May Bring $4.3 Billion in Passive Fund Inflows] BlockBeats News, June 27 — Nasdaq has confirmed that SpaceX (SPCX) will be included in the Nasdaq-100 Index on July 7, potentially driving a wave of passive fund purchases for the stock. Inclusion in an index typically boosts stock prices, as ETFs tracking the index are required to buy shares of newly added companies. JPMorgan estimates that SpaceX's inclusion in the Nasdaq-100 Index could bring $4.3 billion in passive fund inflows. SpaceX was listed on Nasdaq on June 12. To attract more companies to list in the U.S., Nasdaq, along with index providers like FTSE Russell and MSCI, has previously relaxed certain inclusion criteria, such as profitability, post-listing days, and the number of tradable shares. Over the past three years, SpaceX has fluctuated between significant losses and minor profits, with a net loss of $4.9 billion last year. Morningstar's Chief Equity Market Strategist Michael Field stated: "Clearly, there is strong market demand, which explains why they quickly included it in the index." He added that while many will welcome this move, some fund managers and skeptics may not necessarily agree, as Morningstar believes the stock is overvalued. Investors typically gain broader market exposure through funds like QQQ and QQQM under Invesco, which track the Nasdaq-100 Index. Additionally, large language model companies such as OpenAI and Anthropic are also expected to file IPO applications this year or next, potentially seeking valuations exceeding $1 trillion. However, S&P Global stated this month that it will not adjust the requirements for SpaceX's inclusion in major indices like the S&P 500 and will only consider adding it to relevant indices after at least 12 months. [Original Link]