SpaceX Is About To Join the Nasdaq 100. Here’s How Much t…

SpaceX is set to join the Nasdaq 100 index, which is typically positive for stock performance due to institutional interest. Following its IPO, SpaceX shares have fluctuated but remain above their opening price. Current trading indicates potential volatility, with predictions of swings of up to 8%. Analysts from Wedbush and KeyBanc have initiated coverage with positive ratings, highlighting SpaceX's growth potential across AI, space exploration, and connectivity. The company's volatility could impact other upcoming tech IPOs, including those of AI firms.

The SpaceX logo is seen on a billboard screen in New York City.

SpaceX shares pulled back from their highs following the company's mid-June IPO. Victor J. Blue / Bloomberg / Getty Images

Key Takeaways

SpaceX is slated to join the Nasdaq 100 ahead of the market's open Tuesday, which could drive new interest in the shares.
SpaceX has had a volatile first few weeks as a public company, managing to stay above its opening price while pulling back from the highs it reached in its first days on the market.

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SpaceX is set to join the Nasdaq 100 tomorrow. Could that give the stock a fresh boost?

The newly public space, connectivity, and AI firm will join the tech-centric index ahead of the opening bell Tuesday, just weeks after its record-shattering IPO. It's generally seen as a good thing when stocks join major indexes, since funds that track those measures have to buy shares. Several money managers have recently created or plan to launch their own Nasdaq 100-tracking funds, piggybacking on the popular " QQQ."

SpaceX ( SPCX) stock has been volatile in its first weeks of trading, finishing last week at $162— above its opening price of $150 but down more than 20% from the highs it reached in its first days on the market. Current options pricing suggests traders are anticipating SpaceX stock to swing up to 8% in either direction by the end of the week. A move of that size from Thursday's close could push the stock as high as $175, or see it fall as low as $148, the latter which would be a new closing low. (The shares were rising premarket Monday. Here's our live coverage of today's trading.)

Why This Matters to Investors

Index inclusion has been a hot topic for SpaceX, as the stock stands to benefit from being bought by institutional investors and index funds that track indexes such as the Nasdaq 100.

Banks have started to launch coverage of the company, with analysts from Wedbush and KeyBanc recently assigning the stock "outperform" and neutral ratings, respectively. Wedbush last week gave the stock a $190 price target.12

The Wedbush analysts said SpaceX is "well-positioned to become a major hyperscaler" with its range of connected businesses across AI, space launches and exploration, and internet connectivity in Starlink each poised for growth.

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SpaceX is one of many big tech debuts already in the books or expected in 2026, following chipmaker Cerebras ( CBRS) earlier this year.

AI firms Anthropic and OpenAI could themselves debut in the back half of this year, although SpaceX's volatility is reportedly a cause for concern that could delay OpenAI's debut.

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KeyBanc. "@Grok, Should I Buy SpaceX? Initiating Coverage: Sector Weight."
Wedbush. "Launching into the Future of Space and AI; Initiating OUTPERFORM and $190 PT."

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