First reported by bsky
ChatGPT predicts SpaceX stock at $175 per share by July 2026
SpaceX stock falls below $150 debut price for second day after Nasdaq-100 inclusion
SpaceX stock fell below its debut price of $150, closing at $148 on Wednesday for a second consecutive day of decline. The drop followed the company's inclusion in the Nasdaq-100 index on Tuesday, just weeks after its June 12 stock market debut. The rapid index inclusion was enabled by revised Nasdaq rules for new public companies. The inclusion forced index funds and ETFs tracking the benchmark to purchase SpaceX shares. The company's record IPO raised $85.7 billion after underwriters exercised the greenshoe overallotment option.
Key quotes
SpaceX stock closed at $148 on Wednesday, below the company's first trading price of $150 per share for a second day in a row.
Elon Musk's aerospace and defense contractor was included in the Nasdaq-100 index on Tuesday, less than a month after its stock market debut on June 12.
The rapid inclusion in the Nasdaq-100 was due, in part, to the exchange's revised rules for new public companies to become part of that widely-tracked benchmark.
The SpaceX inclusion also required index funds and exchange-traded funds that are tied to the benchmark to buy shares of the company in order to match the new l
You might also wanna read
SpaceX Officially Joined the Nasdaq-100 and Received a $300 Price Target From Wall Street. Here's Why the Stock Is Falling Anyway.
Bars·17h ago
SpaceX Stock Falls 6.8% on Nasdaq-100 Inclusion Day as Lockup Fears Offset Passive Buying
StartupHub.ai·1d ago
SpaceX Falls on Index Debut, but Wall Street Sees Path to $900
Seoul Economic Daily·22h ago
SpaceX Stock Is Down 35% From Its High Just 1 Day After Joining the Nasdaq-100. Is the Dip a Buy?
Bars·5h ago
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
Zawya·1d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.