As SpaceX joins Nasdaq 100 on July 7, Indians can now invest in the stock through these mutual funds
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- SpaceX will be added to the Nasdaq 100 index on July 7, confirmed by Nasdaq on Friday, after making its Nasdaq debut on June 12.
- J.P. Morgan estimated the inclusion could draw $4.3 billion in passive inflows as funds like Invesco's QQQ and QQQM automatically purchase SpaceX shares to match the index.
- Morningstar's Michael Field said demand was so strong Nasdaq fast-tracked the integration, though he noted skepticism among fund managers — including Morningstar itself — who think the stock is overvalued.
- Indian retail investors cannot buy SpaceX shares directly, but six domestic Nasdaq-100 tracking funds — including Aditya Birla Sun Life (20.89% annualized since launch), Axis (36.77%), and Motilal Oswal (30.07%) — will automatically add SpaceX to their portfolios on July 7.
- SpaceX will carry a weight of just 0.53% to 0.6% in the Nasdaq 100, dwarfed by Nvidia's roughly 12% and Apple's roughly 11%, meaning Indian investors' indirect SpaceX exposure will be fractional.
- SpaceX reported a net loss of $4.9 billion last year and has swung between sharp losses and small profits over the past three years.
Why it matters: Indian investors gain their first indirect path to SpaceX through familiar mutual fund wrappers, but at a 0.53–0.6% index weight — versus Nvidia's ~12% — the practical exposure is symbolic rather than material. Morningstar publicly flagging the stock as overvalued while index mechanics force billions of dollars into it by July 7 is the tension worth watching.
