ME News reports that, as of September 8 (UTC+8), SpaceX’s stock has recently traded in a narrow range, but new buying pressure may emerge soon as the Nasdaq-100 Index undergoes its quarterly rebalancing later this month. Due to lock-up restrictions, SpaceX has a relatively low free float, resulting in a current weight of only 1.25% in the Nasdaq-100 Index, ranking it 19th. Despite this, its market capitalization exceeds $2 trillion, placing it sixth among index constituents. Following the next index rebalancing, SpaceX’s weight is expected to rise. The adjustments will be announced after Friday’s close and take effect on September 21. One key reason is that over one billion shares have now been released from lock-up, increasing SpaceX’s free float as a percentage of total shares from under 10% shortly after its IPO to nearly 30%. According to a report released on Tuesday by J.P. Morgan Securities strategists including Min Moon, SpaceX’s weight could rise to 1.51% after rebalancing, prompting passive net purchases of approximately $12.4 billion in SpaceX shares by index funds and ETFs. Nasdaq data shows that, as of the end of the second quarter, approximately $1.7 trillion in assets tracked the Nasdaq-100 Index, including the widely known Invesco QQQ Trust Series 1 ETF (ticker: QQQ). (Source: ODAILY)
SpaceX Expected to Gain Higher Nasdaq-100 Weight, Potential $12.4B Passive Buy
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Summary
SpaceX is expected to gain a higher weight in the Nasdaq-100 following the September 21 rebalance, with its free float rising to nearly 30%. JPMorgan’s Min Moon estimates that a 1.51% weight could attract $12.4 billion in passive buying from ETFs. Altcoins to watch may shift as market focus turns toward index-driven flows. The Fear and Greed Index remains near neutral, but increased institutional exposure could drive broader market sentiment.
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