SpaceX (SPCX) Stock Gains Momentum Following Major Nasdaq-100 Index Rebalancing
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Nasdaq just put SpaceX stock investors on notice
stock just got an unusual new catalyst that has little to do with a rocket launch, a Starlink milestone, or a fresh AI breakthrough. As highlighted in a recent CNBC segment, starting Monday, Sept. 21, SpaceX will account for a much higher weight in the Nasdaq-100, more than double the weighting it…
SpaceX in the Nasdaq 100 index has recently had twice as much weight as before, which could have consequences for the stock's price.
SpaceX shares will be driven by several important factors in the near future - increased demand for funds following the Nasdaq 100 rebalancing, the first orbital flight of Starship scheduled for September 28, and a new $946 million order from NASA.
The weight of SpaceX in the Nasdaq index more than doubled, with participation rising from 1.28% to 2.82%, with the quarterly rebalancing of September, according to data confirmed on Monday (21) by Bloomberg. The main factor was the increase in the amount of shares available for trading. When the company entered the index, few shares were effectively [...] The post SpaceX weight more than folds in Nasdaq and affects ETFs in Brazil appeared first…
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