SpaceX to join Nasdaq-100: Is this the turning point?

SpaceX will officially join the Nasdaq-100 index on July 7, 2026, before market open, marking the fastest entry in the index’s history despite a decline in its stock price since its market debut. In addition to entering the Russell 1000, SpaceX’s inclusion in the S&P 500 remains pending, as the index adheres to its standard 12-month waiting period. Following the announcement, SpaceX shares rose nearly 3% in pre-market trading on Monday, reaching $157.00.

SpaceX’s Dramatic Stock Decline: Overview

Since its all-time high, the SpaceX (NASDAQ: SPCX) stock has fallen by more than 30%. The decline accelerated last week amid news that SpaceX is preparing its first bond issuance, aiming to raise at least $20 billion. The company completed the largest initial public offering (IPO) in history on June 12, 2026, raising $75 billion through the sale of 555.5 million shares priced at $135 each.

Following the IPO, $SPCX surged to a peak of $225 before entering a significant downturn influenced by several factors, including the U.S.-Iran de-escalation agreement and growing market concerns about a potential return of interest rate hikes in 2026. Investors have been reducing exposure to high-risk growth stocks, coinciding with SpaceX’s announcement of its first-ever investment-grade bond sale.

What’s next on the roadmap?

SpaceX’s upcoming inclusion in the Nasdaq-100 could generate new demand for its shares. However, the overall momentum remains bearish, with the stock sharply retracing from its post-IPO highs and currently testing a critical technical support zone near $150. A modest rebound from this level indicates that buyers may be re-entering the market. As long as the price holds above the point of control, the likelihood favors a rotational bounce higher. While recent recovery attempts have improved short-term sentiment, the broader trend remains bearish until key resistance levels are reclaimed.

 

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