PANews, September 8: According to AdvisorPerspectives, SpaceX’s stock has recently experienced narrow price fluctuations, 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 its market capitalization exceeding $2 trillion—placing it sixth among index constituents—its weight is expected to increase following the next index rebalancing. The adjustments will be announced after Friday’s market close and take effect on September 21.
SpaceX to Receive Greater Weight in the Nasdaq 100 Index
PANewsShare
Summary
SpaceX is set to receive a higher weighting in the Nasdaq 100 index following the quarterly rebalancing later this month. The adjustment, announced after Friday’s close, will take effect on September 21. Despite a $2 trillion market cap, SpaceX’s current 1.25% weighting is constrained by its low float. Traders are monitoring altcoins as the Fear & Greed Index remains volatile.
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