On September 10, SpaceX rose more than 3% in regular trading. The stock extended its recovery from the $133-$150 consolidation range held over the prior four weeks, buoyed by dual catalysts on the news front.

On the passive flow side, the Nasdaq 100 index is set to conduct its quarterly rebalancing on September 21. As SpaceX's free-float ratio has risen from under 10% at IPO to approximately 30% following successive lock-up expirations, JPMorgan strategists estimate SpaceX's index weight will increase from 1.25% to roughly 1.51%, triggering approximately $12.4 billion in passive net buying. Morgan Stanley projects an even higher weight of 2.25%, implying up to $15.5 billion in passive inflows.

Separately, the UK Ministry of Defence disclosed cumulative spending of nearly $40 million on SpaceX's Starshield and Starlink satellite services, underscoring deepening military reliance on commercial space capabilities spanning encrypted communications to reconnaissance support.

Notably, the stock absorbed fresh lock-up supply — up to 319 million shares became eligible for sale around September 9, with an additional 59.1 million shares unlocking on September 10 and another 328.4 million shares due on September 24. Reports also indicated SpaceX is adjusting its data center build-out, potentially slowing expansion, which warrants monitoring.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)