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SpaceX Tumbles 26.5% After Nasdaq-100 Inclusion on July 7, Despite Bullish Wall Street Calls

GateNews
StocksIndices
SPCX-4.41%
SpaceX stock plummeted from a peak of $225.64 to $148.30 on July 8, declining 26.5% from its listing high, on the same day the space company officially joined the Nasdaq-100 index on July 7. Since its initial public offering on June 12, the stock has lost more than 35% at its lows. Analysts from major banks including Morgan Stanley and Goldman Sachs issued bullish outlooks on SpaceX following the end of the mandatory quiet period, with Citibank analyst John Godyn setting an optimistic price target of $900 if Starship achieves successful launches. However, The Motley Fool's analysis found that the 15 largest IPOs historically experienced an average peak-to-trough decline of 23% within one year, with negative returns at the one-year mark. SpaceX's IPO price of $135 suggests a potential drop to around $132 by June next year under this trend.
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In-Depth Analysis

Cathie Wood's ARK Buys $7M SpaceX Stocks After IPO Decline

Lucas Bennett21h ago

SpaceX Nasdaq-100 Entry Draws $47.5B Fund Inflows, Stock Falls Below Opening

Lucas Bennett07-09 07:33

After SpaceX stock joins the Nasdaq 100, it triggers a “stock-and-bond double blow,” with bonds falling to 9.4折.

Market Whisper07-09 03:12
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