SpaceX officially entered the Nasdaq-100 on July 7, and the market responded with the enthusiasm of someone receiving socks for their birthday. Shares of SPCX dropped roughly 5% on debut day, closing near $151 after opening around $159.
The numbers behind the nosedive
SPCX went public in mid-June 2026 at $135 per share, in an IPO that raised somewhere between $75B and $85.7B. That made it one of the largest public offerings in history, by a wide margin.
The stock then ripped higher, peaking around $225 shortly after the listing. So even after Monday’s selloff to $151, early IPO buyers are still sitting on roughly 12% gains from the offering price.
The trading range before the Nasdaq-100 inclusion was between $147 and $226, meaning the stock is now sitting near the bottom of that band. The market cap, which exceeded $2 trillion at its highs, has pulled back meaningfully.
