Nasdaq confirms SpaceX's inclusion in Nasdaq 100 index, with JPMorgan expected to bring in $4.3 billion in inflows

Nasdaq confirms that SpaceX will be included in the Nasdaq 100 Index on July 7th, and JPMorgan expects to bring in $4.3 billion in passive capital inflows. SpaceX went public on NASDAQ on June 12th, with a net loss of $4.9 billion last year. Michael Field, Chief Stock Market Strategist at Morningstar, stated that there is a high demand in the market, which is the reason for quickly incorporating it into the index. Morningstar believes that the stock is overvalued. Large language modeling companies such as OpenAI and Anthropic are expected to submit IPO applications this year or next and may seek valuations exceeding $1 trillion. S&P Global has stated that it will not adjust the requirements for SpaceX to enter major indices such as the S&P 500.