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The Economic Times
The Economic Times

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

SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, paving the way for a surge in passive investments in Elon Musk's rocket and AI giant.

Inclusion in the index typically boosts the stock price, as exchange-traded funds looking to replicate the ‌index's performance ⁠buy shares ⁠of the newly included firm.

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