SpaceX's Nasdaq 100 weighting reportedly set to rise to 2.82%
Business Today says SpaceX's initial weighting was outside the index's top 20 holdings, despite a market capitalization exceeding $2 trillion and its position as the seventh-largest constituent.
TLDR
Business Today reports that SpaceX's Nasdaq 100 weighting is set to rise to 2.82% following a quarterly index rebalance. The outlet describes the adjustment as narrowing the gap between the company's market capitalization—exceeding $2 trillion—and its initial weighting, which did not rank among the benchmark's top 20 holdings.
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