SpaceX Stock Drops Below $135 IPO Price After Nasdaq-100 Entry
SpaceX shares slid for a fourth consecutive session, breaking below their $135 IPO price shortly after joining the Nasdaq-100.
SpaceX just gave you a classic post-hype hangover. The stock dropped below its $135 IPO price on Wednesday, marking a fourth straight day of losses — and the timing couldn't be more ironic. This sell-off came just days after the company made its much-anticipated debut in the Nasdaq-100, an event that was supposed to be a catalyst, not a trap.
This is a textbook "buy the rumor, sell the news" setup. Index inclusion forces passive funds to buy in, which front-runners exploit aggressively. Once those institutional buyers are done accumulating, the stock is left without fresh demand — and gravity takes over fast. That's exactly what appears to be playing out here.
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For retail traders, the $135 level now matters enormously. IPO prices carry psychological weight. A stock that can't hold its offering price is flashing a warning sign you can't ignore. Bulls need to see a reclaim of that level with conviction, or this thing risks sliding further as early investors who held through the IPO lock-up eye the exits.
The broader question is whether SpaceX's fundamentals can eventually justify where the stock was priced, or whether the Nasdaq-100 pop created an entry point that was simply too rich. Index inclusion hype is real, but it's also temporary. What's left when the excitement fades is the actual business — and the market is now making its first cold-blooded assessment.
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