Anyone expecting SpaceX to become a huge holding in the Nasdaq-100 index is likely going to be disappointed.

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Joining the index will lead to billions more being directed toward the stock. But it's unclear whether that's enough to buoy the share price.

After a blockbuster first half for U.S. equities, investors are entering the back half of the year with a more complicated backdrop. With the Nasdaq 100 trading near record highs thanks to the AI-fueled rally,

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While SpaceX is due to join the Nasdaq-100 on Tuesday, it won’t become part of the S&P 500 for at least another year — likely furthering the volatility spread between those two indexes.

Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.

U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big for winners of the artificial intelligence boom.