SpaceX shares retreated in trading Tuesday, failing to secure a lift from their newly confirmed inclusion in the Nasdaq-100 index.
The move marks a pause in the stock’s extraordinary post-listing rally, which has seen the aerospace giant’s valuation multiply more than five-fold since its public debut.
One strategist had previously suggested the share price could surge another 400%, reflecting strong conviction in SpaceX’s market position and growth trajectory.
The index addition, which typically triggers algorithmic buying and passive fund inflows, was insufficient to offset selling pressure from investors locking in gains.
The stock’s decline underscores the growing difficulty of sustaining momentum after such a steep appreciation, even with fundamental catalysts like index membership.
This pullback follows a period of intense bullish sentiment, with multiple Wall Street analysts issuing buy ratings and projecting further upside.
One strategist had previously suggested the share price could surge another 400%, reflecting strong conviction in SpaceX’s market position and growth trajectory.