The quarterly adjustment of the Nasdaq 100 index will take effect on September 21, with SpaceX's weight in the index set to double to 2.82%. Previously, SpaceX had a lower weight due to most of its shares being in a lock-up period. This adjustment, based on the closing price on September 18, will better align SpaceX's weight in the index with its massive market capitalization. Over 200 investment products globally track this index, with total assets under management exceeding $800 billion, necessitating the purchase of SpaceX shares to adjust their holdings.
