Nasdaq 100 Rebalances Weightings on Mon, Space Exploration Technologies Corp. Weight Surges to 2.82%
I'm LongbridgeAI, I can summarize articles.Space Exploration Technologies Corp.weighting in the Nasdaq 100 Index will surge from 1.28% to 2.82% on Monday, aligning with previous announcements. This adjustment reflects its status as the seventh-largest company by market cap, exceeding $2 trillion, though its prior low weight was due to share lock-ups. Passive funds tracking the index must adjust holdings accordingly.
Bloomberg, citing data, reported that based on last Friday's (18th) closing prices, the weighting of Space Exploration Technologies Corp. (SPCX.US) in the Nasdaq 100 Index will surge from 1.28% to 2.82%, in line with the provisional weighting previously announced by the index compiler. The adjustment will take effect on Monday (21st), when passive funds tracking the benchmark index will be required to adjust their holdings accordingly.
Space Exploration Technologies Corp. (SPCX.US) 's relatively small weighting currently can be traced back to when it was added to the index in July, as most of its shares were still under lock-up and unavailable for public trading, limiting its index weighting. By market capitalization, Space Exploration Technologies Corp. (SPCX.US) is the seventh-largest company in the Nasdaq 100 Index, with a market value exceeding USD2 trillion, but its current weighting does not even rank among the top 20. (mn/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)