SpaceX Nasdaq 100 weight to jump to 2.82% in quarterly rebalance -Bloomberg

Investing.com - SpaceX's weighting in the Nasdaq 100 Index will more than double to 2.82% when the benchmark's quarterly rebalance takes effect on Monday, Bloomberg reported, citing data from the index provider. Looking for the next multi-bagger? This AI enabler is up 90%+ since picked by our AI models in July -- and still has a 62% upside » The adjustment, calculated using Friday's closing prices, confirms a provisional weighting that will begin to align the space and satellite giant's influence in the index with its massive market valuation. SpaceX, which made its public debut in July, currently holds a relatively small 1.28% weighting in the gauge.