Continued selling pressure from the Nasdaq-100 listing could drive the stock further down to support levels at $147 and potentially the IPO price of $135
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
Sources are tracking technical price levels following a Nasdaq-100 listing event, with CoinGape noting that continued selling pressure could push SpaceX shares toward the June 23 low of $147, and a break below that level could accelerate declines toward the IPO price of $135. The conversation centers on post-listing distribution dynamics where early holders and index-related flows create sustained downward pressure on newly listed high-profile names.
When a heavily anticipated stock enters a major index, forced buying from passive funds often front-runs the event, leaving the security vulnerable to selling once inclusion is complete, a dynamic that can suppress prices for weeks and dampen broader sentiment toward speculative growth names.
"If the selling pressure continues, the SpaceX shares could drop to the June 23 low of $147. A move below $147 could cause the stock price to fall further to the IPO price of $135."