SpaceX (SPCX) Drops as Much as 35% From Post-IPO Peak After Nasdaq-100 Addition

SpaceX (SPCX) shares have fallen as much as 35% from their post-IPO peak of $225.64, sliding days after the company joined the Nasdaq-100 as heavy selling offset forced index buying. According to BeInCrypto, the stock closed at $148 on July 8, below its $150 debut price for a second straight session, erasing nearly all gains since its June 12 listing. SpaceX’s market cap is near $1.9 trillion; it posted about $18.7 billion in 2025 revenue but reported a $4.9 billion net loss in 2025 and $4.3 billion more in Q1 2026.