SpaceX Stock Slips Below IPO Debut Price After Nasdaq-100 Entry
SpaceX shares closed under their debut price at $148 following a two-day selloff triggered by the stock's Nasdaq-100 inclusion.
SpaceX had one of the most hyped market debuts in recent memory, but the honeymoon didn't last long. After being added to the Nasdaq-100, shares slid for two straight sessions and closed below the IPO debut price at $148 — a classic "sell the news" move that any seasoned trader should recognize immediately.
The IPO itself was a monster. SpaceX's record-breaking offering raised a staggering $85.7 billion in total proceeds after underwriters exercised the so-called "greenshoe" overallotment option — a mechanism that lets banks sell extra shares when demand is hot enough to justify it. That's the kind of capital raise that rewrites the record books.
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Index inclusion sounds like a win, and structurally it is — it forces passive funds to buy shares automatically. But that buying pressure is usually front-run hard by institutional traders, meaning by the time the inclusion actually hits, the smart money is already out. Retail investors chasing the Nasdaq-100 hype often end up holding the bag on day two.
The move below debut price is a psychological line in the sand. Bulls need to reclaim it fast or momentum traders will keep pressing short. Watch the $148 level closely — if it flips to resistance, the next support zone becomes critical for anyone managing a position here.
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