SpaceX nears Nasdaq-100 entry—QQQ faces a reroute

SpaceX’s IPO is set to begin trading on the Nasdaq on June 12, and the stock may be eligible to join the Nasdaq-100 after just 15 trading days. The Invesco QQQ Trust, which tracks the index and is up 17% this year, could see fresh upside—alongside higher volat

On a week when SpaceX’s stock is about to start trading publicly, the real question isn’t only how the IPO will price in the first hours. It’s what happens next—when the clock starts ticking toward the Nasdaq-100.

SpaceX’s stock is going public this week and is expected to begin trading on June 12 on the Nasdaq exchange under the ticker symbol SPCX. From the start, its valuation is expected to be around $1.75 trillion. That figure alone is enough to make it among the most highly valued companies on the market. regardless of how early trading goes.

The potential move that has investors watching isn’t automatic. The largest non-financial Nasdaq stocks are added to the Nasdaq-100 index, which the Invesco QQQ Trust (NASDAQ: QQQ) tracks. With recent rule changes, SpaceX’s stock could join the index after just 15 trading days.

For QQQ holders, the appeal is straightforward: adding a high-flying name could amplify the excitement and lift returns. This year, the ETF has risen by 17%, outperforming the S&P 500, which is up by just around 8% thus far.

But the other half of that equation is risk—especially when the ETF already looks expensive on traditional metrics. The Invesco QQQ Trust’s price-to-earnings (P/E) ratio averages 36, according to the figures cited. SpaceX. expected to remain unprofitable for the foreseeable future. would add even more pressure to an index that already leans toward growth.

That’s where the trade-off starts to feel personal. The Nasdaq-100 may hold companies many investors chase for growth. but QQQ is also tied to the volatility that comes with that style. If SpaceX’s addition pushes more movement into the benchmark. the index—and the ETF tracking it—could become harder to sit through when markets cool.

The 2022 drawdown is the clearest reminder of what that can mean. During the last time markets were in turmoil, the S&P 500 fell by 19%, and the Invesco ETF crashed by 33%. A downturn doesn’t just trim returns—it can reshape expectations. particularly for investors who may not want to ride out steep losses.

There’s also a timing pressure baked into the story. SpaceX is expected to begin trading on June 12. and if it reaches the 15-trading-day threshold. the index inclusion could land not months from now. but soon. The ETF’s direction may therefore depend on two overlapping events: how the IPO performs early. and how quickly the new eligibility rules translate into actual index membership.

The sequence is plain: QQQ tracks the Nasdaq-100, SpaceX could be added after 15 trading days under recent rule changes, and QQQ’s own valuation and growth-heavy risk profile leave less room for error if volatility rises.

So the decision facing investors isn’t simply whether SpaceX can create upside. It’s whether that upside is worth the added swings that could come with a $1.75 trillion-starting valuation stock—and an index already reflected at an average P/E of 36.

For investors who are comfortable holding for the long term. QQQ may still be a reasonable way to stay exposed to the Nasdaq’s growth tilt. But the warning is also direct: if you aren’t prepared for higher volatility. the ETF may be unsuitable—especially for retirees or anyone who can’t or won’t wait through adversity.

And while the conversation around QQQ often centers on what could lift it. the other piece in the source material is what some investors are being told not to buy. Before you buy stock in Invesco QQQ Trust. the cited note says the Motley Fool Stock Advisor analyst team identified what it believes are the 10 best stocks for investors to buy now. and Invesco QQQ Trust wasn’t one of them. That includes a claim about Stock Advisor’s total average return being 948% versus 206% for the S&P 500. with returns referenced as of June 9. 2026. The disclosure also states David Jagielski. CPA has no position in any of the stocks mentioned. and that The Motley Fool recommends Nasdaq.

The market’s next move is already scheduled. By June 12, SpaceX will be trading on the Nasdaq as SPCX, and the debate about QQQ’s fit will get sharper once 15 trading days start counting down toward whether SpaceX becomes part of the Nasdaq-100 the ETF follows.

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