Shares of SpaceX (SPCX) declined for a second consecutive trading day, bringing the company's stock price closer to its $135 initial public offering (IPO) price just days after its inclusion in the Nasdaq-100 index [1]. The stock has also dropped below its June 12 debut price of $150, marking a notable decrease since it began trading publicly [1]. SpaceX's recent addition to the widely-tracked Nasdaq-100 index prompted a wave of passive investment, as funds tracking the index adjusted their holdings to include the company [1]. This inclusion was made possible after the exchange revised its rules, allowing new public companies like SpaceX to join the index within a month of going public [1]. Despite the initial boost from index inclusion, the stock's continued decline suggests investor caution or profit-taking in the wake of its high-profile debut [1].
CONCLUSION
SpaceX's stock has experienced a notable decline since its public debut, falling below its IPO price and initial trading price despite recent inclusion in the Nasdaq-100. The market reaction indicates heightened volatility and investor uncertainty following the company's high-profile entry into public markets.