Largest Company end of September?SpaceX

Meta Platforms $META is back to having a larger market cap than SpaceX $SPCX

A CHANGE IS COMING TO THE NASDAQ 100 • • SpaceX $SPCX will make up 2.82% of the Nasdaq 100 when the index’s quarterly rebalance takes effect Monday up from its current weighting of ~1.28% - Bloomberg

SpaceX's total market capitalization has returned to $2 trillion, and its stock price has hit a new high since July 7.

SpaceX stock has been stuck in a narrow trading range recently, but a fresh wave of buying could arrive soon when the Nasdaq 100 makes its component weight adjustments later this month. The key factor is the combination of a little-discussed rule in the construction of this benchmark index and a series of progressively longer blackouts for Elon Musk's company shareholders, which have limited the number of shares available for trading. Nasdaq determines a company's weight in the index based on a market capitalization calculation, taking into account either its total outstanding shares or three times its free float, whichever is lower. This means that a stock with a low free float, which excludes insider-held shares or those subject to trading restrictions, will not have its full market capitalization used in calculating its weight. For SpaceX, which has a relatively small free float due to the blackout restrictions, this leaves it with a weight of 1/2 SpaceX's weighting in the Nasdaq 100 is 1.25%, making it the 19th largest company by market capitalization, though it ranks sixth in the index with over $2 trillion. This weighting is expected to increase following the upcoming index rebalancing, scheduled to be announced Friday after the market closes and take effect on September 21. This is partly due to the fact that restrictions on more than 1 billion shares have now been lifted, raising the free float to nearly 30% of SpaceX's outstanding shares, up from less than 10% immediately after its initial public offering. The company's free float could reach 2.25% after the rebalancing, which would require index funds and ETFs to purchase $15.5 billion worth of shares, according to JPMorgan estimates. Nasdaq data indicates that approximately $1.7 trillion A dollar's worth of assets tracked the Nasdaq 100 index through the end of the second quarter, according to Bloomberg. #Arabic_Business

Just when it looked like it was about to crash, ‘stock price rebounds’… SpaceX re-enters the $2 trillion market cap.

A Chinese Company Reached a Milestone Characteristic Of SpaceX. Shares Of Musk's Company Are Dropping.. • SpaceX's stock has been hovering around its IPO price over the past days.

$SPCX - HARVARD BETS $2.2B ON SPACEX • • Harvard Management disclosed a $2.2B stake in SpaceX (SPCX), making it over 50% of its $4.26B disclosed U.S. equity portfolio. • • The position includes roughly 12.94M shares, making SpaceX Harvard’s largest reported U.S. holding. • • Other major institutional holders include Intesa Sanpaolo (~$966M) and the University of California (~$1B). • • SpaceX shares remain above their $135 IPO price, valuing the company near $1.85T.