SpaceX's Nasdaq 100 Weight to More Than Double
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Insights by Echo AI
SpaceX's weighting in the Nasdaq 100 will increase to 2.82% when the index's quarterly rebalance takes effect on Monday, up from its current weighting of about 1.28%. This significant jump, initially suppressed due to locked-up shares, will make SpaceX the seventh-largest company in the index by market value, exceeding $2 trillion. Passive funds and investors are expected to realign their portfolios to match the new allocation.
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