SPCX Nasdaq 100 weight hike to drive $12B passive buying
The author argues SPCX is due for a Nasdaq 100 weight increase that would force index funds to buy the stock, adding more than $12B in passive inflows. The catalyst is the index rebalance decision expected tonight, which the author says has a good chance of happening. The main risk is that the weight increase does not materialize or is smaller than expected.