B · Normal
[The Nasdaq 100 Index will increase the weight of SpaceX and multi-billion dollar funds are expected to buy] On September 13th, the Nasdaq Exchange pointed out that SpaceX’s weight in the Nasdaq 100 Index is expected to increase from approximately 1.28% to approximately 2.82% later this month. Wall Street expects the change to prompt billions of dollars in new buying by index funds and exchange-traded funds (ETFs) that track the benchmark. As more shares float on the market, SpaceX's weighting in the Nasdaq 100 will increase.
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