SpaceX to Join Nasdaq-100 as Shares Plunge 29% Post-IPO
SPCX•SpaceX will join the Nasdaq-100 on Tuesday even as its shares plunged 29% following the announcement. SPCX stock has traded flat over its first 15 sessions, raising questions about the valuation of its emerging subsidiaries Starlink and xAI.
1. Nasdaq-100 Inclusion
SpaceX will be added to the Nasdaq-100 index on Tuesday after its market capitalization met the inclusion criteria, a move expected to draw increased attention from passive fund investors.
2. Recent Share Volatility
Ahead of its debut, SPCX shares tumbled roughly 29%, and over its first 15 trading days the stock has remained effectively flat, highlighting significant post-IPO volatility.
3. Subsidiary Business Valuation
Investors are weighing SpaceX’s core launch operations against its high-profile subsidiaries, Starlink satellite internet and xAI artificial intelligence, to assess whether those segments justify current valuations.
