SpaceX stock hype may have cooled off, but don’t get too comfortable — this story is far from over. 🍿

On Friday, it was announced that SpaceX (SPCX) is being fast-tracked into the NASDAQ, basically getting a VIP pass into one of the most watched (and heavily invested) clubs in the market.

The Nasdaq 100 isn’t just a nice list to be on — it’s tracked by more than $800 billion in funds, with giant ETFs pretty much automatically buying whatever’s in it. 💰

So when SpaceX officially joins on July 7, those funds will need to load up on shares… whether they want to or not.

Estimates are already flying around, but according to the latest numbers, there’s about $4.3 billion in expected inflows. 💸

SpaceX isn’t exactly a clean financial story (yet). The company has been bouncing between small profits and big losses, including a reported $4.9 billion net loss last year. So yes, you’ve got a company still figuring out profitability… about to get a massive wave of forced buying.

Meanwhile, supply and demand dynamics could make things even more interesting. SpaceX doesn’t have a huge amount of stock freely available for trading compared to its total valuation. So when billions of dollars all try to buy in at once, it can push prices higher — fast. 📈

However, some analysts are already side-eyeing the valuation, basically saying the stock looks expensive given the financials. But as we all know, short-term moves don’t always care about fundamentals.

There’s also a bigger trend hiding underneath all this. Index providers are making it easier (and faster) for big, buzzy companies to get included. SpaceX made it in just weeks after going public — something that used to take months or longer. 🤯

Hype aside, that alone could keep the stock moving on up and up, so expect more action in the coming week.