SpaceX set for larger weighting in Nasdaq 100 this month as lockup expirations expand float

When SpaceX joined the Nasdaq 100 in early July, it entered with training wheels. A public float of roughly 3-5% meant the company’s index weighting was capped below 1%, a modest footprint for a firm valued north of $1.75 trillion. That’s about to change. The upcoming quarterly rebalancing of the Nasdaq 100 will give SpaceX a significantly larger slice of the index, driven by lockup expirations that have expanded its publicly tradable shares to approximately 16% of total outstanding stock. For the passive funds that track the index, including the mammoth Invesco QQQ ETF, that means one thing: they need to buy a lot more SpaceX. How SpaceX got here so fast SpaceX went public on June 12, 2026, pricing shares at $135 each and immediately commanding a valuation in the range of $1.75 to $1.8 trillion. Just 15 trading days later, on July 7, SpaceX was added to the Nasdaq 100. A precedent established in May 2026 allows sufficiently large IPOs to bypass the traditional multi-month seasoning period, which SpaceX used to fast-track its inclusion. But fast inclusion came with a catch. The Nasdaq applies a 3x multiplier rule to companies where less than 33.3% of shares are publicly available. ...