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https://www.gate.com/profile/Baron?ref=VLUXV1XCUQ&ref_type=105#PreIPOsSeason2OpenAISubscription
The SpaceX stock continues to fall, dropping by more than 5% to around $137, marking its lowest level since listing—just days after it joined the Nasdaq-100 index..
The company was listed at a share price of $135, before rising to more than $200, then falling again to its lowest level at $137.
According to Bull Theory data, the company has lost about $1.15 trillion in market value over the last 17 trading sessions, bringing its value down to around $1.8 trillion.
SpaceX’s inclusion in the benchmark index—followed by a large number of investment funds—brought a wave of passive investors, as Nasdaq-100-linked funds quickly rushed to rebalance their portfolios in line with the new index composition.
Nasdaq had recently amended the rules for listing newly public companies in the index, allowing space and artificial intelligence sector companies to be included within just one month of their IPO.
$SKHYV $NVDA $AAPL
#PreIPOsSeason2OpenAISubscription #MillionDepositCashback #WarshTestimonyMeetsCPI #USIranWarCloudsGather