SpaceX: Analyzing The Expected Nasdaq-100 Passive Demand

SpaceX debuted with a record IPO, reaching a ~$2.53T market cap after a 19.6% second-session surge. Estimated index-tracker demand from likely fast-track Nasdaq-100 inclusion is ~$10B, or ~8% of free float. The expected temporary price impact is a modest 1.6, 2.2%, far less than widely anticipated.