SpaceX Stock Joins a Major Index Monday, Forcing Big Funds to Buy In

SpaceX starts trading in the Nasdaq-100 on July 7. Large investment funds that track this index are required to buy SpaceX shares to stay aligned with it. These funds hold hundreds of billions of dollars, so their buying will be substantial. The real question: Is SpaceX's price already high because traders expected this buying, or will it climb further Monday?