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SpaceX’s stock price falls for a second straight day, nearing its $135 IPO issue price
BlockBeats message: On July 13, according to Bit.com market data, SpaceX (NASDAQ: SPCX) has seen its stock price fall for the second consecutive trading day, further pushing toward its IPO offering price of $135. It has also fallen below the $150 opening price from its first day of trading on June 12.
Previously, SpaceX was added to the Nasdaq 100 index last week, helping passive funds tracking the index complete their allocations. However, after a period of rapid gains in the early days following its listing, the stock price has recently entered a pullback phase. Nasdaq also previously revised the index inclusion rules, allowing newly listed companies to be included in the index as quickly as within one month of listing; SpaceX was therefore able to quickly enter the Nasdaq 100.