SpaceX to Join Nasdaq-100 as Middle East Tensions and Housing Costs Rise

By / / Breaking News

Key Takeaways

  • SpaceX (SPCX) will be added to the Nasdaq-100 Index (NDX) effective July 7, 2026, following its record-breaking $75 billion IPO on June 12.
  • The U.S. housing market hit a one-year high in monthly payments, with the median cost reaching $2,647 due to record home prices and 6.5% mortgage rates.
  • Iran’s Revolutionary Guard (IRGC) launched retaliatory strikes on U.S. military positions in the Middle East following American attacks on Iranian drone and missile sites.
  • Israel and Lebanon signed a historic trilateral framework agreement brokered by the U.S., aimed at dismantling Hezbollah's infrastructure and restoring Lebanese sovereignty.
  • Passive index funds are expected to purchase over $4 billion in SpaceX shares by early July to match new index weightings.

SpaceX Joins Nasdaq-100 Following Historic IPO

Nasdaq announced that Space Exploration Technologies Corp. (SPCX) will join the Nasdaq-100 Index (NDX) prior to the market open on July 7, 2026. This move comes just weeks after the company’s $75 billion initial public offering, which valued the aerospace giant at approximately $1.77 trillion.

Index-tracking funds, such as the Invesco QQQ Trust (QQQ), are expected to begin large-scale share purchases after the market closes on July 6. Analysts estimate that the inclusion will trigger roughly $4.3 billion in passive inflows, despite SpaceX entering the index with a weighting of less than 1% due to its limited public float.

Housing Costs Hit One-Year High Amid Supply Crunch

The median U.S. monthly housing payment climbed to $2,647 during the four weeks ended June 14, according to new data from Redfin (RDFN). This figure represents the highest level in a year, driven by a combination of record-high home prices and mortgage rates that remain stubbornly above 6.5%.

While the median sale price rose 2.3% year-over-year to a record $403,889, demand is showing signs of cooling. Pending home sales fell 0.6% week-over-week, marking the fifth consecutive week of declines as high costs and regional economic uncertainty price out potential buyers.

Middle East Tensions Escalate Despite Diplomatic Breakthrough

Iran’s Islamic Revolutionary Guard Corps (IRGC) confirmed it struck several U.S. military positions in the region early Saturday. The IRGC stated the move was direct retaliation for recent U.S. airstrikes on Iranian missile and drone storage sites along the Strait of Hormuz.

Simultaneously, U.S. Secretary of State Marco Rubio announced a landmark trilateral framework agreement between the U.S., Israel, and Lebanon. The performance-based accord establishes a process to disarm Hezbollah and create "pilot zones" where the Lebanese Armed Forces will take exclusive control, though regional stability remains fragile following the latest military exchanges.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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