SpaceX's $1.8 trillion IPO and rapid index inclusion is forcing passive investors to sell ETFs and buy rivals to avoid Elon Musk exposure.

SpaceX's $1.8 trillion IPO and rapid index inclusion is forcing passive investors to sell ETFs and buy rivals to avoid Elon Musk exposure.

SpaceX will be officially in the Nasdaq 100 index on Tuesday.

About half-a-million SpaceX options traded by midday Monday, a little below the average since inception.

SpaceX joins the Nasdaq 100 on July 7, triggering an estimated $4.3 billion in passive buying from ETFs and mutual funds tracking $800 billion in assets.

SpaceX is set to join the Nasdaq-100 index today, July 7. This inclusion could trigger approximately $4.3 billion in passive investment inflows. Companies joining the index often…

Elon Musk's rocket company made its debut on the Nasdaq 100 index on Tuesday, weeks after raising $85.7 billion in the largest IPO in history.