JPMorgan estimates $15.5B passive buying for SpaceX from Nasdaq-100 rebalance
JPMorgan estimated SpaceX could see $15.5 billion of passive buying from the Nasdaq-100 rebalance, with its index weight potentially rising from 1.25% to 2.25% as more post-IPO lockup shares become available. SpaceX shares rose about 4% on the same day to around $153-$154.
Detected & updated continuously · Source: Nebula
Sources
@Benzinga
SpaceX ($SPCX) could see $15.5B of passive buying from the Nasdaq-100 rebalance, JPMorgan estimates. The stock’s index weight may rise from 1.25% to 2.25% as more post-IPO lockup shares become available. https://t.co/pPg4aPA5eo
@Michael34952
SPCX is flying today. SpaceX is up about 4% around $153–$154, after Friday’s close at $147.95. Intraday range: roughly $145–$155. Market cap is back near $2.1 trillion. IPO was June 12 at $135; day-one close was about $161. Post-IPO range: $104.83–$225.64. This is still a https://t.co/6zN3R4CVuH