NewsTradingSentimentCalendarCommunityBriefing
Sign in
Markets

SpaceX Weight to Double in Nasdaq 100

By Markets Desk · 2026-09-19 · 2 min read
A sleek, metallic rocket standing vertically on a concrete launch pad against a clear blue sky
Illustration: Tradingbird

SpaceX's index weight is set to rise to 2.82%, marking a significant increase from its previous level.

SpaceX's weight in the Nasdaq 100 Index will rise to 2.82%. This represents a sharp increase from the current weight of approximately 1.28%. The adjustment is based on Friday's closing prices. It reflects the company's market capitalization exceeding $2 trillion.

The change stems from the quarterly index adjustment. SpaceX was included in the index in July. Many shares were under lock-up at that time. This limited the initial weight calculation. The new figure corrects for the full share availability.

Index Adjustment Drives Reallocation

Passive funds tracking the index must adjust their holdings. The Invesco QQQ Trust manages over $482 billion in assets. It is one of many products affected by this change. More than 200 investment products track the Nasdaq 100. The adjustment forces a reallocation of these funds.

SpaceX now ranks as the seventh-largest company in the index by market cap. Its previous weight did not reflect this standing. The company was not in the top 20 by weight before this update. The new weight aligns its index position with its market size.

Valuation Metrics Show Overpricing

GuruFocus data indicates the QQQ ETF is overvalued. The calculated GF Value is $558.50. The current trading price is $721.45. This represents a 29.2% premium over the intrinsic value estimate. The trailing P/E ratio stands at 26.61x.

The forward P/E ratio is 34.16x. Investors are paying a high price for future earnings. The GF Score for the fund is 87 out of 100. This score reflects strong profitability and growth metrics. However, the valuation rank is only 5 out of 10.

Insider Activity Remains Muted

Nine gurus currently hold positions in QQQ. Four added to their holdings in recent quarters. Five trimmed their stakes. This mixed activity suggests cautious sentiment among investors. No insider buying or selling has been reported in the last three months.

The lack of insider movement indicates a wait-and-see approach. Market participants are monitoring the index adjustment closely. The financial strength rating for the fund is 7.2 out of 10. Momentum is rated at 7 out of 10. These factors contrast with the high valuation metrics.

Based on reporting by GuruFocus, compiled by the Tradingbird desk.

Read next

More in Markets
A large ceremonial gong hanging from a wooden frame in a modern conference hall
Markets · Indices

Vietnam Enters FTSE Global Emerging Market Index

Vietnam officially joins the FTSE Global Equity Index Series as a Secondary Emerging Market, effective September 21.

2026-09-19Illustration: Tradingbird
A small, polished brass gear resting on a wooden desk surface
Markets · Indices

ProCap Financial Joins Russell 2000 and 3000 Indexes

ProCap Financial will enter the Russell 2000 and Russell 3000 indexes on September 21, 2026. The move follows the company's rebranding to Silvia, Inc.

2026-09-19Illustration: Tradingbird
A traditional bronze gong hangs suspended from a wooden frame in a quiet room.
Markets · Indices

Vietnam Joins FTSE Secondary Emerging Index

Vietnam's stock market has been officially reclassified into the secondary emerging market category by FTSE Russell. This status change aligns the country with global benchmark standards and alters its position in international capital flows.

2026-09-19Illustration: Tradingbird

More from the Markets desk

All desk stories
  • A wooden gavel rests on a polished desk surface next to a stack of legal books.
    Illustration: Tradingbird

    U.S. Regulators Move to Fill Crypto Legal Gap

    The Digital Asset Market Clarity Act failed, leaving a regulatory void. The SEC and CFTC are now issuing interim rules to define asset classes and assign oversight, though these measures lack the permanence of legislation.

    2026-09-19
  • A large, heavy brass key resting on a polished wooden desk surface.
    Illustration: Tradingbird

    Fed Rate Hike Triggers Immediate Market Sell-Off

    The Federal Reserve raised interest rates on Wednesday, causing the S&P 500 to drop immediately before recovering.

    2026-09-19
  • A stack of physical gold bars and a single shiny coin resting on a dark wooden desk
    Illustration: Tradingbird

    VanEck Flags Metaplanet Dilution Risk After Pool Cuts

    Metaplanet reduced its executive share pool by 41%, yet VanEck argues the remaining equity exposure remains excessive compared to industry peers.

    2026-09-19