SpaceX Joins Nasdaq-100 Tuesday as SPCX Drops Roughly 29%

Space Exploration Technologies Corp shares (SPCX) are set to enter the Nasdaq-100 before U.S. markets open on Tuesday, with the stock trading about 29% below its recent peak. According to BeInCrypto, Nasdaq confirmed on June 26 that SPCX would join the index less than a month after its June 12 listing. SpaceX went public on June 12 at a $135 IPO price, opening near $150 and later hitting an all-time high of $225.64 before sliding to $160.42 at Monday’s close. JPMorgan estimates an initial index weight of about 1.3%, while analysts flagged high volatility and upcoming lockup expirations as potential overhangs.