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SpaceX Joins Nasdaq-100 — What It Means for Index Fund Investors

SpaceX has been fast-tracked into the Nasdaq-100 index, meaning passive investors holding index funds automatically become shareholders in this high-risk private company. Index funds are widely seen as safe because they spread bets across the market, but the inclusion of a speculative and — in the author's view — highly overpriced company like SpaceX challenges that assumption. The move raises questions about what happens to the "safety" promise of index investing when a giant gamble enters the basket.