Nasdaq Rewrote Its Rules for SpaceX; Now $4.3B in Passive Buying Forces Index Funds' Hands
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
SpaceX has been added to the Nasdaq-100, potentially triggering significant passive buying. The addition is expected to force index funds to buy into the company, with some reports suggesting this could amount to $4.3 billion. The impact of this development on the market and the company's stock is still uncertain, with various outlets offering different perspectives on its potential effects.
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