On Friday, the Nasdaq Exchange officially announced that SpaceX will be incorporated into the Nasdaq-100 Index on July 7. Given that the index is predominantly composed of tech stocks, this development is poised to draw considerable passive investment towards Musk's space exploration and artificial intelligence behemoth. Generally, when a company is included in an index, its stock price tends to rise. This is because exchange-traded funds (ETFs) that aim to mirror the index's performance will purchase shares of the newly added company. It's projected that SpaceX's initial weighting in the Nasdaq-100 will hover around 0.6% to 0.7%. The leading ETF, QQQ, which boasts assets of roughly $485 billion, will thus need to acquire SpaceX shares valued at approximately $2.9 billion to $3.2 billion. When factoring in other Nasdaq-100 tracking products across the globe, the total volume of passive buying is anticipated to fall within the range of $3.5 billion to $5 billion. Considering that merely 4.2% of SpaceX's shares will be available for trading in the initial stages of its listing, the impact of this additional capital on the stock price will be profound.