Later this month, SpaceX's weight in the Nasdaq-100 Index will be increased, potentially generating billions of dollars in buying demand from passive funds that track the benchmark index. According to estimated data from the Nasdaq Global Index Watch platform, its weight is expected to rise from approximately 1.28% to about 2.82%. The weight adjustment is significant, as passive funds linked to the index must adjust their holdings accordingly, including the $481 billion Invesco QQQ Trust.
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