SpaceX (SPACEX) Stock Set for Nasdaq 100 Entry as Q2 Earnings Begin

Table of Contents

Key Takeaways

SpaceX is scheduled to enter the Nasdaq 100 index on Tuesday, July 8, following significant price fluctuations since going public in June
Analyst coverage blackout period concludes this week, enabling Wall Street firms to issue initial SpaceX research notes
Second-quarter results from PepsiCo and Delta Air Lines arrive, spotlighting consumer spending patterns and operating expenses
June Federal Reserve meeting minutes drop Wednesday, potentially revealing rate policy direction
Tech and media leaders gather at the Allen & Company Sun Valley Conference

Following an inflationary surge that drove shoppers toward discounts, PepsiCo reduced pricing over the winter months. Meanwhile, Delta described booking strength as “really great” in March before implementing fare increases to offset rising expenses. These quarterly reports should provide valuable insights into current consumer health.

#earnings for the week of July 6, 2026https://t.co/hLn2sKQhEY $PEP $DAL $PENG $LEVI $AZZ $BYRN $EPAC $KRUS $WDFC $SMPL $HELE $SAR $SLP $NTIC $ITGR pic.twitter.com/SKiRgSqlid

— Earnings Whispers (@eWhispers) July 2, 2026

Fed Meeting Minutes Take Spotlight

Wednesday brings the release of Federal Reserve minutes from June’s policy meeting at 2 p.m. ET. During that session, approximately half the committee signaled expectations for at least one rate increase before the year concludes. New Chair Kevin Warsh carries a reputation for favoring tighter monetary policy, prompting market participants to scrutinize the detailed discussions.

Additional economic data arrives via weekly unemployment claims and the New York Fed’s survey measuring consumer inflation expectations. The previous week’s employment figures disappointed expectations, providing some relief to those concerned about aggressive rate increases.

Levi Strauss delivers fiscal second-quarter numbers on Wednesday. The apparel company exceeded forecasts in its prior quarter and upgraded annual guidance. Management attributed the performance to expanded direct sales channels and diversification beyond traditional denim offerings.

Costco’s monthly sales report, closely tracked by retail analysts, also arrives this week.

SpaceX Makes Nasdaq 100 Debut

SpaceX officially becomes a Nasdaq 100 component ahead of Tuesday’s market open. This benchmark index comprises the largest 100 non-financial corporations trading on the Nasdaq and serves as a reference point for numerous institutional portfolios. Index membership typically generates buying pressure as passive funds adjust holdings to match the composition.

JUST IN: SpaceX $SPCX will be added to the NASDAQ 100 $QQQ ETF this week. pic.twitter.com/FQdXhgoRPk

— Whale Insider (@WhaleInsider) July 5, 2026

Since SpaceX’s June 12 public debut, share price action has been extremely turbulent. The stock started trading below expectations, briefly surged beyond $225—temporarily valuing SpaceX above Amazon’s market capitalization—then retreated to $147 before settling at $162 last Friday. Market observers anticipate continued price swings.

The conclusion of the post-IPO analyst quiet period also arrives this week. Investment banks and research shops can now release their inaugural coverage reports on SpaceX. These professional assessments frequently trigger significant trading activity.

The prestigious Allen & Company Sun Valley Conference commences this week. Anticipated attendees include top executives from Apple, Amazon, Meta, Google, Netflix, Disney, and Warner Bros. Discovery. Simultaneously, the Raise Summit AI conference opens in Paris, drawing leadership from Google, Broadcom, Anthropic, and OpenAI.

All three primary U.S. equity benchmarks posted double-digit percentage gains during the second quarter. Despite the abbreviated holiday trading week, each index finished higher.