SpaceX To Get Weighting Boost In Nasdaq 100 After Rebalance

(Bloomberg) -- SpaceX is set to get a larger weighting in the Nasdaq 100 later this month, a change that could trigger billions of dollars of buying by passive funds tied to the benchmark. Most Read from Bloomberg Trump Sees Canada Deal 'Fairly Soon,' Downplays Leaving USMCA Oracle to Spend Additional $700 Million for Job Cuts Toyota Unveils $2,500 Go-Kart in Bid to Grow Motorsports Fans Closure of Critical Saudi Oil Pipeline Puts Iraq Under Pressure PlayStation Ditched Hideo Kojima's 'Physint' on Budget Concerns, Missed Deadlines Its weighting is expected to rise to about 2.82% from roughly 1.28%, based on pro forma data from Nasdaq's Global Index Watch circulated late Friday. The final weighting will be determined later this month.