Quartz·1 min read·medium
SpaceX joins the Nasdaq-100 today, giving millions of index fund investors automatic exposure
✦AI Summary
SpaceX has been added to the Nasdaq-100 index, requiring index funds to incorporate the company into their portfolios. Due to the company's limited public float, its initial weighting in the index is restricted to approximately 1%.
Funds tracking the Nasdaq-100 must now buy SpaceX stock, but a small float limits its initial weight to around 1%
businesseconomy
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