SpaceX set to join Nasdaq 100, paving way for wave of passive buying

According to Channel NewsAsia, SpaceX is set to join the Nasdaq 100 index. The addition is expected to trigger a wave of passive buying, as index funds that track the Nasdaq 100 will be required to purchase SpaceX shares. Index inclusions often drive significant trading volume and can affect stock valuations as passive capital automatically flows into newly-added positions.

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