B[SpaceX’s weight in the Nasdaq is expected to increase, and it may usher in more than 10 billion US dollars in passive net buying] September 8th, SpaceX’s stock price has continued to fluctuate within a narrow range recently, but as the Nasdaq 100 index undergoes quarterly rebalancing later this month, a new round of buying may come soon. Due to the lock-up period, SpaceX has a relatively low proportion of free-floating shares, so its current weight in the Nasdaq 100 Index is only 1.25%, ranking 19th. Although its market capitalization exceeds $2 trillion, it ranks sixth among the index's constituent stocks. SpaceX's weight is expected to rise after the next index rebalancing. Relevant adjustments will be announced after the market closes on Friday and will take effect on September 21. Part of the reason is that more than 1 billion shares have been unlocked, bringing SpaceX's free-floating shares to nearly 30% of the total share capital from less than 10% shortly after the IPO. According to a report released on Tuesday by JPMorgan Securities strategist Min Moon and others, the weight of SpaceX may reach 1.51% after rebalancing, resulting in index funds and ETFs passively buying about $12.4 billion in SpaceX shares. About $1.7 trillion in assets tracked the Nasdaq 100 as of the end of the second quarter, including the Invesco QQQ Trust Series 1 exchange-traded fund, widely known by the symbol QQQ, Nasdaq data showed.
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