SpaceX Nasdaq 100 weight to more than double to 2.82% in rebalance

SpaceX (SPCX) will see its Nasdaq 100 weighting more than double to 2.82% from 1.28% on Monday, requiring passive funds tracking the benchmark to buy billions of dollars in shares.

The index provider calculated the adjustment using Friday's closing prices, Bloomberg reported. The final figure confirms the provisional weighting set ahead of the benchmark's quarterly reset.