SpaceX’s inclusion in the Nasdaq 100 triggers a warning: in historical cases, there have been multiple instances where “good news is cashed out and then a pullback follows.”

Jinse Finance reports that SpaceX will officially be included in the Nasdaq 100 index on July 7, becoming one of the fastest large IPOs to be included in the index's history. However, historical data shows that index inclusion does not necessarily signal sustained upward momentum; instead, it has in some cases marked a cyclical peak. For example, after Palantir Technologies was added to the Nasdaq 100 in December 2024, its stock price peaked around the time of inclusion and subsequently corrected by approximately 25% over the following weeks. Similarly, Strategy entered an adjustment cycle shortly after its inclusion, with a significant pullback from its highs.

Analysts point out that this phenomenon typically stems from three factors: market expectations being priced in ahead of time, passive fund buy orders having been pre-traded, and sentiment already reaching a cyclical high before inclusion. If historical patterns hold, SpaceX may face short-term volatility after being added to the index, rather than a one-sided rally.