Nasdaq-100 inclusion could drive mechanical demand for SPCX despite a 31% pullback from its June high.
SpaceX (NASDAQ:SPCX) shares have fallen to $155 after peaking at $225.64 on June 16, 2026, following its $75 billion Nasdaq debut on June 12. The stock now trades near its $135 IPO price, with analysts targeting $188.
The company reported $4.7 billion in Q1 revenue but remains unprofitable, with no dividend and pending lock-up expirations that may increase supply. Despite the pullback, anticipated inclusion in the Nasdaq-100 index could force index-tracking funds to buy shares, creating structured demand.
Shares dropped 18% in the week after the IPO, settling between $147 and $148 before rebounding slightly to $155.