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Nasdaq 100 funds forced to buy more SpaceX shares as float expands post-IPO lockups.

Market News
22 Sep 2026
24/7 Wall Street
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Neutral
Nasdaq 100 funds forced to buy more SpaceX shares as float expands post-IPO lockups.

SpaceX's inclusion in the Nasdaq 100 index led to a forced increase in its weighting due to the expansion of its public float after IPO lockups expired. This caused passive index funds like Invesco QQQ to automatically buy more SpaceX shares, making them larger shareholders without choice. While this boosts demand temporarily, the increased float also introduces more shares available for sale, potentially weakening the stock price. Investors now hold a significant stake in a high-growth but currently unprofitable company with stretched valuations and upcoming unlocks that could impact supply and demand dynamics further.

As of Sep 22, 2026 21:11 WIB, SpaceX (SPCX) trades on Pluang at USD 152.81 with a 1-day gain of 0.63%. The stock's market cap stands at $2.00 trillion, reflecting its massive scale despite current unprofitability. Pluang data shows a higher sell order activity at 63%, indicating some investors are taking profits or reducing exposure amid the recent forced buying by index funds.

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