Prof G Markets · Monday, July 13, 2026
Despite joining the Nasdaq 100 and receiving overwhelmingly positive ratings from Wall Street analysts (18 out of 19 buy ratings), SpaceX shares experienced a nearly 6% decline. The stock is now down 13% over the past week and 34% from its peak, trading below its IPO opening price.
“Last week, SpaceX officially joined the Nasdaq 100. It qualified under the new fast track listing rules which reduced the required trading history to just 15 days and it also eliminated the minimum public float requirement.”
“That same day, the stock received an overwhelming vote of confidence from Wall Street with 18 out of 19 analysts publishing a buy rating and only one publishing a hold rating which was honestly quite surprising to me.”
“Despite all of that positive momentum, both those ratings from Wall Street and also its inclusion in the Nasdaq, which essentially meant billions of dollars of passive investment which should prop up the stock price, despite that, SpaceX shares fell nearly 6%.”