‼️ 🚀 SpaceX (SPCX) could see strong demand from index-tracking funds after more than 1 billion shares were released from post-IPO restrictions, lifting its public float to nearly 30% from under 10%. Although the $2 trillion-plus company ranks sixth in market value, its Nasdaq 100 weighting is only about 1.25% because Nasdaq caps the influence of firms with limited publicly tradable stock. J.P. Morgan estimates SpaceX’s weight could rise to 2.25% at the quarterly rebalance, triggering roughly $15.5 billion of net passive-fund buying. The changes will be announced Friday and take effect Sept. 21.
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