J.P. Morgan: SpaceX weighting could draw $15.5B passive inflows
J.P. Morgan strategists said SpaceX (SPCX) may attract roughly $15.5 billion of net buying from passive funds tied to its Nasdaq-100 weighting.
Space Exploration Technologies Corp. (SPCX, Financials) may be about to get a large new buyer, not because its business has changed but because its index weight might. P. 5 billion of net buying from passive funds if its Nasdaq-100 weighting rises.