SpaceX's Entry into the Nasdaq-100 Index and Its Impact on Investors
Space Exploration Technologies (SPCX) joined the Nasdaq-100 index on July 7, but its influence is limited due to a low free-float market capitalization. Despite having a $2 trillion total market cap, SpaceX ranks as only the 21st-largest holding in the index with a weight of 1.25%, which means it won't significantly impact ETFs like QQQ or QQQM.
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Topics: ETFs Market Cap Nasdaq-100 SpaceX