SpaceX Could Draw $15.5B in Passive Buying as Nasdaq Rebalance Looms
JPMorgan says a Nasdaq-100 rebalance could force about $15.5 billion of passive SpaceX buying as its index weight rises.
A big index (like a basket of 100 popular stocks) might add a lot of SpaceX shares, which could push its price up just from people automatically buying them. When an index changes, it can move a stock's price even if the company itself didn't change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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