First reported by bsky
ChatGPT predicts SpaceX stock at $175 per share by July 2026
SpaceX Shares Drop 6.8% on First Day of Nasdaq-100 Trading, Below $150 Mark
SpaceX shares dropped 6.8% to $149.47 on their first day of trading on the Nasdaq-100 stock index, disappointing investors who expected a boost from index inclusion. The article highlights concerns about American savers who unknowingly hold SpaceX shares through index funds tied to the Nasdaq-100, suggesting they've been "taken for a ride." The stock remains above its IPO price of $135 but has fallen significantly from its peak above $200.
Key quotes
SpaceX's decline disappointed investors who wagered that inclusion in major indexes would provide a boost to the shares.
But, what about all the Americans who didn't even know they were buying into SpaceX, but whose savings are in index funds linked to SpaceX and the Nasdaq-100?
They've been taken for a ride.
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