SpaceX faces 60% float increase by year-end following NASDAQ 100 addition

What was said

"SpaceX will be added to the NASDAQ 100, the QQQ ETF this week, which means that passive flows will start coming into the SpaceX stock. Now, I am still not buying SpaceX. So while the NASDAQ is being forced to buy this company with 5% float currently, the reality is is that there by November of this year 60% of the supply will be in the market. 60%. We're going from 5% to 60% by the end of the year."

SpaceX will join the NASDAQ 100 index this week, forcing passive index funds to purchase shares despite concerns about massive supply increases. The company currently has only 5% of shares floating publicly, but this will surge to 60% by November 2025 and 100% by mid-2026. Historical data shows average IPOs experience 50-70% drawdowns in year one, raising concerns about SpaceX's ability to maintain current price levels of $162-164 amid this supply flood. The analyst suggests waiting for prices between $50-70 before buying.