Bloomberg: SpaceX Poised to Benefit from Potential Weighting Increase in Nasdaq 100 Index

BlockBeats News, September 8 - According to Bloomberg, SpaceX's stock price has recently been trading in a narrow range, but a wave of new buying could soon arrive as the Nasdaq 100 Index is set to undergo its quarterly rebalancing later this month.

The key lies in a little-known rule in the construction of this tech-heavy benchmark index, combined with the phased schedule of the lock-up expiration for shareholders of Elon Musk's satellite and space exploration company. These factors have constrained the number of SpaceX shares currently available for trading in the market.