SpaceX Stock Slips 17% After Nasdaq 100 Move: What To Watch

SpaceX recently joined the big leagues by entering the Nasdaq 100, but the celebration was short for many investors. If you put $1,000 into the stock around July 7 when it sat at $149, your holdings would now be worth about $826. This 17% drop shows how quickly the market can cool off after a period of intense hype.

The stock originally hit the market in June 2026 with an IPO price of $135. It did not take long for shares to rocket past $225 as traders bet on the future of Starlink and the Starship program. Being added to the Nasdaq 100 was a major achievement for the company, but it has not been enough to keep the price at its earlier peaks.

A few specific problems are hurting the stock price lately. A Starship test flight was delayed because of engine issues, which made some investors nervous about the timeline. There are also concerns about lockup periods ending, which might lead to more shares being sold on the open market.

Despite these challenges, the company still has plenty of support. Revenue from Starlink is on the rise, and the company has many valuable contracts with the government and private sector. While the current dip is tough for new buyers, the underlying business remains a leader in the space industry.