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The Globe and Mail

SpaceX shares drop 6.8% to record low close after Nasdaq-100 addition

AI Market Summary
SpaceX's Nasdaq-100 inclusion failed to generate a sustained "index effect", with shares falling 6.8% to a record low close as passive flows were anticipated and selling pressure emerged. The move coincided with a broader tech drawdown tied to AI spending concerns and higher yields, while Middle East escalation lifted crude and reinforced the risk-off impulse weighing on growth equities.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT-2.36%
AI Insight · NCSKSPCX2USD/USDTAI Insight
▼ Bearish
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SpaceX (SPCX) joined the Nasdaq-100 on Monday, but the stock slid 6.8% on Tuesday to $149.47, its lowest close on record. The move came as technology shares broadly sold off. The decline coincided with Iranian attacks on ships in the Strait of Hormuz and the U.S. revoking Iran’s oil export license, helping push crude benchmarks up more than 2%.
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