SpaceX (NASDAQ:SPCX) Added to Russell Indexes and Nasdaq 100 Ahead of July 7

Space Exploration Technologies Corp. (NASDAQ: SPCX) is being added to the Russell family of indexes as part of FTSE Russell's latest annual reconstitution, and separately is set to join the Nasdaq 100 effective July 7, 2026. SPCX gained 7.15% on Monday, June 29, 2026, closing at $164.19, as both inclusions drew attention to the stock.

Index Inclusions

• Russell reconstitution: FTSE Russell's 2026 annual rebalancing added SPCX to its benchmark index family, a mechanical process driven by market-cap rank, float, and liquidity thresholds as of the reconstitution cutoff date.
• Nasdaq 100 addition: SPCX is scheduled to join the Nasdaq 100 on July 7, 2026, according to multiple reports, placing it among the 100 largest non-financial companies listed on the Nasdaq by market capitalization.
• Market capitalization: SPCX carries a market cap of approximately $2.16 trillion, placing it among the largest publicly traded companies in the United States.
• IPO reference: SPCX closed its debut session at $161, a 19% jump from its offering price, according to CNBC, establishing it as one of the largest listings by market value in recent history.
• 52-week range: The stock has traded between $147.11 and $225.64 over the past year, with Monday's close of $164.19 sitting in the lower half of that band.

Why It Matters

Inclusion in the Russell indexes and the Nasdaq 100 triggers mandatory buying from the large universe of passive funds and ETFs that track each respective benchmark. Index-tracking funds are required to hold constituents in proportion to their weighting, meaning fund managers must purchase SPCX shares to bring portfolios into compliance with the updated composition. The scale of assets benchmarked against both the Russell and Nasdaq 100 families means even a modest weighting for SPCX can translate into substantial required purchases.

The Nasdaq 100 addition, effective July 7, carries particular significance given the volume of institutional and retail products tied to it. At a $2.16 trillion market cap, SPCX would rank among the largest constituents in that index by size, amplifying the passive-flow effect at rebalance. The Russell reconstitution and the Nasdaq 100 inclusion are separate mechanical processes governed by each index provider's published methodology and do not reflect a qualitative judgment about the company's business prospects.

Investor Takeaway

The dual index inclusions create a defined near-term catalyst in the form of forced buying from passive funds benchmarked to the Russell family and, beginning July 7, the Nasdaq 100. With SPCX at a $2.16 trillion market cap, its weighting in each index will be substantial, and fund managers tracking those benchmarks will need to establish or increase positions around the respective effective dates.