SpaceX may join Nasdaq 100 rebalance, passive inflows over $10B

The potential inclusion of SpaceX in the Nasdaq 100 signals a structural shift in how passive capital engages with private-company equities, given the index's methodology and the gradual unlock of shares. The scale of estimated inflows suggests that liquidity dynamics—not just fundamentals—will drive price action in the near term. The key question is whether the staggered lock-up expirations align smoothly with rebalance timing, as any mismatch could amplify volatility. For market participants, this underscores how index mechanics increasingly influence pre-IPO valuations.