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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the growing influence of private tech giants on public markets, SpaceX's inclusion in the Nasdaq-100 has led the index's largest ETF to record its busiest month in 6 years. The addition of Elon Musk's space venture triggered a surge in institutional and retail interest, forcing passive funds to rebalance their holdings and attracting significant liquidity flows.
This surge comes amid intense competition in tech-focused ETFs, where peers like XLK have seen mixed flows over the recent quarter. Compared to previous index inclusions, the trading volume linked to SpaceX reflects a valuation exceeding $200 billion based on market expert estimates, placing it among the heavyweight constituents of the benchmark.
Regarding price action, SPCX stood at $160.42 (at close July 6, 2026) following a session that saw a range between $155.04 and $167.90. Traders are now monitoring broader US economic data, particularly following the Non-Farm Payrolls report which showed an addition of only 57k jobs, potentially impacting risk appetite in the growth and tech sectors.