SpaceX’s Nasdaq 100 weighting seen more than doubling, spurring fund buying

The signal here is mechanical, not fundamental: a projected index weight increase forces tracking funds to buy regardless of view on the company, so demand is a function of index rules rather than sentiment. That distinction matters for anyone watching how much of the flow into large listings is passive and reflexive. Because final weightings are only set later this month, the actual scale of buying remains provisional, and whether the projected figure holds is the open question.