The highly anticipated integration of SpaceX (NASDAQ: SPCX) into the Nasdaq 100 initially looked like a victory lap for early investors and a golden entry point for the retail market. The mechanics of index inclusion often create a powerful short-term liquidity event.
When a company joins a major index, passive funds and exchange-traded products are structurally forced to buy shares to balance their portfolios. In the case of SpaceX, this created a sweeping wave of forced purchasing totaling $4.3 billion.
