Dow Jones| Nasdaq | US Stock Market Today | Live: Brokerages turn bullish as SpaceX enters Nasdaq-100
SpaceX’s entry into the Nasdaq-100, less than a month after its IPO, is set to trigger over $4 billion in passive inflows as index-tracking funds rebalance portfolios. Despite a slight dip in early trading, the stock’s inclusion is expected to boost demand, though analysts say much of the move was anticipated. The company now holds a 1.34% weight in the index, with significant assets benchmarked to Nasdaq-100-linked funds.
Brokerages broadly initiated coverage with bullish ratings, citing growth potential across space, AI, and satellite connectivity. Starship remains central to long-term projections, with expectations of thousands of launches annually. While some analysts flagged valuation risks, others see upside beyond current targets, with price estimates ranging as high as $800 and even $900 in optimistic scenarios.
