SpaceX premarket rises as Nasdaq-100 weight more than doubles
SpaceX is rising in premarket trading after its Nasdaq-100 index weighting more than doubles in Monday’s quarterly rebalance, to 2.82% from 1.28%.
SpaceX (SPCX, Financials), the aerospace and satellite communications company led by Elon Musk, is rising in premarket trading as its Nasdaq-100 weighting more than doubles in Monday's quarterly rebalance. 28%, requiring funds that track the Nasdaq-100 to adjust holdings to match the new 100-stock index composition.