SpaceX's weighting in the Nasdaq 100 Index is expected to rise to 2.82%

Later this month, SpaceX (SPCX.US) is expected to see its weighting in the Nasdaq 100 Index increase, a move that could trigger billions of dollars in passive fund purchases tracking this benchmark index. According to simulated data released by Nasdaq Global Indexes on Friday evening, SpaceX's weighting in the Nasdaq 100 Index is expected to rise from about 1.28% to around 2.82%. The final weighting will be determined later this month. Wall Street anticipates that this adjustment will prompt index funds and ETFs tracking this benchmark index to add billions of dollars in SpaceX stock purchases.