SpaceX Shares Slip 6.8% in Nasdaq-100 Debut After $120 IPO
SPCX•SpaceX shares fell 6.8% to $149.47 in their Nasdaq-100 debut after the $120 IPO that minted thousands of millionaires and set a blueprint for mega offerings. The company plans to launch its AI model “Cursor” Wednesday as JPMorgan and Goldman issue bullish ratings while debating which segment offers greatest potential.
1. Nasdaq-100 Debut Performance
SpaceX priced its shares at $120 in its blockbuster IPO and entered the Nasdaq-100, only to see its stock slide 6.8% to close at $149.47 on debut. The offering minted thousands of employees as millionaires and established a new template for ultra-large public listings.
2. Upcoming Cursor AI Model Launch
SpaceX is set to unveil its new AI model, “Cursor,” as soon as Wednesday, marking the company’s first major launch in artificial intelligence. Cursor is designed to integrate deeply with SpaceX’s data infrastructure and could broaden the firm’s service ecosystem beyond launch and broadband.
3. Wall Street Ratings and Segment Outlook
Major banks including JPMorgan and Goldman have issued bullish ratings on SpaceX, reflecting confidence in its diversified business lines. Analysts are actively debating whether Starlink broadband, launch services or the emerging AI division will drive the greatest long-term value for shareholders.
