SpaceX's weight in the Nasdaq 100 index will rise later this month, which could prompt passive funds tracking the benchmark index to generate billions of dollars in buying demand. Its weight is expected to rise from about 1.28% to about 2.82%, according to estimates from the Nasdaq Global Index Watch Platform. The weight increase is significant because passive funds linked to this index must adjust their holdings accordingly, including the US$481 billion Invesco QQQ Trust Fund No. 1.

SpaceX's weight in the Nasdaq 100 index will rise later this month, which could prompt passive funds tracking the benchmark index to generate billions of dollars in buying demand. Its weight is expected to rise from about 1.28% to about 2.82%, according to estimates from the Nasdaq Global Index Watch Platform. The weight increase is significant because passive funds linked to this index must adjust their holdings accordingly, including the US$481 billion Invesco QQQ Trust Fund No. 1.