SpaceX’s weighting in the Nasdaq-100 will increase to 2.82% as part of the index’s quarterly rebalance, more than doubling from approximately 1.28%.

The new weighting takes effect on September 21 and reflects SpaceX’s large market capitalization as more of its shares become available for public trading following its June IPO. The higher weighting could increase demand for SpaceX shares from index-tracking funds and ETFs.

Source: bloomberg.com