SpaceX to join the Nasdaq-100 as index buying and lockup sales loom

SpaceX is set to enter the Nasdaq100 on Tuesday, a move that will likely trigger buying from indextracking funds and ETFs. Analysts estimate the company’s weight in the index will be relatively small, which may limit the size of that passive demand. The stock could still see significant price swings around the inclusion. Traders and analysts are also watching upcoming insider lockup expirations, which may add selling pressure as early investors become eligible to sell shares. Market strategists say the balance between indexrelated buying and future share sales could keep SpaceX volatile in the near term. Some investors are already using options to hedge against sharp moves as the rebalancing takes place.