SpaceX will go into the Nasdaq-100 on Tuesday, unleashing a wave of passive buying of the stock from mutual funds and exchange-traded funds that track the index. The technology and rocket-launch company will be added to the Nasdaq-100 at the start of trading on Tuesday with a capitalization at three times its raw float of $75 billion, translating to a index weight of about 1.3%, according to a recent JPMorgan estimate. While index inclusion will put upward pressure on the stock, expiring lockups over the coming weeks and months will likely add downward pressure as insiders unload shares. SPCX 5D mountain SpaceX shares in the past five trading days Meanwhile, SpaceX’s small weight will likely limit the passive buying pressures on the…
