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SpaceX stock sinks for a second-straight day, nearing $135 IPO price
CNBC • • business
Key Points:
- SpaceX shares declined for a second consecutive day, nearing its $135 IPO price shortly after joining the Nasdaq-100 index.
- Inclusion in the Nasdaq-100 attracted passive investors, with index-tracking funds purchasing SpaceX shares to match the updated lineup.
- Nasdaq revised its rules for new public companies, enabling SpaceX and other space and AI firms to join the index within a month of their IPOs.
