SpaceX Stock Drops Despite Nasdaq-100 Inclusion
Despite being added to the Nasdaq-100 index, SpaceX (SPCX) shares have fallen as much as 35% from their post-IPO peak. The stock closed below its IPO price for a second consecutive session on July 8 at $148. Heavy selling offset mechanical demand from index-tracking funds.
Topics: Nasdaq-100 inclusion SpaceX Starlink revenue stock price decline