SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq-100 inclusion

Shares of SpaceX have fallen below their debut price of $148 following its inclusion in the Nasdaq-100, marking a two-day decline. The space company's IPO, which raised $85.7 billion, saw underwriters exercise the "greenshoe" option for additional shares. This drop signals investor skepticism or a volatile market reaction to its high valuation, reflecting broader trends in tech and space sector stocks. The movement underscores the challenges companies face in maintaining investor confidence post-IPO, especially when entering prestigious indices like the Nasdaq-100.