Nasdaq 100 to increase SpaceX weighting to approximately 2.82%

Nasdaq announced that the weighting of SpaceX in the Nasdaq 100 index is expected to rise from approximately 1.28% to 2.82% later this month. Wall Street analysts anticipate that this adjustment will trigger billions of dollars in buying activity from index funds and ETFs tracking the benchmark. The weighting is expected to increase further as more shares become available in the market.