SpaceX’s Nasdaq-100 weight set to more than double in rebalance
More SpaceX shares are becoming available for trading as lock-ups expire
SpaceX's stock is set to receive a significantly larger share of the Nasdaq 100 index in September, potentially triggering billions of dollars in new investments from passive funds. With its weighting expected to increase from around 1.28% to 2.82%, the company's presence in the benchmark will more than double. This change will likely lead to heightened buying activity among index funds and exchange-traded funds that mirror the performance of the Nasdaq 100.
The increasing availability of SpaceX shares, as lock-up periods expire, is driving the anticipated surge in demand. As the final weighting is determined later in September, Wall Street anticipates a substantial influx of capital into the company's stock.
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