SpaceX shares retreat to $150 after peaking at $225.64 post-IPO as ETFs prepare to allocate capital following Russell addition.
SpaceX shares (SPCX) fell to near $150 after reaching a record $225.64 following its June 12 initial public offering. The pullback reflects profit-taking after the stock’s strong debut, though demand remains elevated.
The inclusion of SpaceX in the Russell indexes is expected to trigger billions in passive inflows from ETFs tracking the benchmarks. Analysts anticipate sustained buying pressure as funds rebalance portfolios to reflect the addition.
Trading volume surged during the IPO but has since stabilized, with investors monitoring the stock’s valuation amid broader market conditions.