SpaceX $SPCX will be added to the Nasdaq 100 index on July 7, and that is big news in itself — inclusion in the index forces all passive funds that track it (like QQQ or QQQM) to automatically buy the shares. J.P. Morgan estimates roughly $4.3 billion of passive inflows, which will naturally support the stock. The catch I would watch as an investor, however, is how quickly this all happened. SpaceX only debuted on Nasdaq on June 12, reported a net loss of $4.9 billion last year, and Nasdaq admitted the company to the index only after it recently relaxed inclusion rules — among other things the profitability criteria, time since IPO, and free float. In other words, the rules were bent to accommodate exactly this kind of candidate.