SpaceX weight increase in Nasdaq 100 triggers $12.4 billion in passive buying

SpaceX is set to see its weight in the Nasdaq 100 index increase from 1.25% to approximately 1.51% during the quarterly rebalancing effective September 21. JPMorgan analysts estimate this adjustment will trigger $12.4 billion in passive net buying, driven by an increase in the company's free-float ratio to nearly 30%. However, the stock faces a potential supply shock with over 2.3 billion shares scheduled to unlock by mid-November.