SpaceX is about to be included in the Nasdaq 100 index, paving the way for passive buying frenzy.

The Nasdaq Stock Exchange confirmed on Friday that SpaceX will be included in the Nasdaq 100 index, which has a high proportion of technology stocks, on July 7th. This paves the way for passive investments in this rocket and artificial intelligence giant owned by Elon Musk. JPMorgan estimates that SpaceX's inclusion in the Nasdaq 100 index could attract $4.3 billion in passive funds. "Clearly, there is a great market demand, which is why they accelerated the process of including it in the index," said Michael Field, chief stock market strategist at Morningstar. "Many people will be pleased with this. But some fund managers are not so keen, including those who are skeptical, and we are among them. We believe that the stock is overvalued."