On Monday, SpaceX's stock fell again, bringing it closer to its IPO price of $135, just days after the company was added to the Nasdaq-100 index. This inclusion attracted a new wave of passive investors, as funds that track the index adjusted their portfolios to include SpaceX.
However, the stock has struggled since its debut, having already dipped below its initial trading price of $150, which began on June 12. The Nasdaq recently updated its rules, allowing new public companies like SpaceX to be included in the index within a month of going public, which typically boosts visibility and investment interest.
The current price movement may raise concerns among investors about the stock's stability and future performance