SpaceX Shares Slip Slightly as Analysts Launch Coverage Before Nasdaq 100 Entry
SPCX•SpaceX shares slipped slightly as Wall Street analysts initiated coverage ahead of the company’s anticipated inclusion in the Nasdaq 100 index later this quarter. Analysts pointed to accelerating Starlink broadband subscriber growth and steady Falcon launch cadence when setting initial price targets.
1. Initial Analyst Coverage
SpaceX shares edged lower after major Wall Street firms launched inaugural coverage, assigning Buy ratings and accompanying price forecasts. Analysts highlighted strong subscriber growth in the Starlink satellite broadband network and reliable Falcon rocket launch cadence as core upside drivers.
2. Nasdaq 100 Prospects
SpaceX is slated to join the Nasdaq 100 index at the upcoming quarterly rebalance later this quarter. The inclusion is expected to attract substantial passive inflows from index funds seeking to mirror the adjusted benchmark.
