Joins Nasdaq-100 as Analyst Quiet Period Ends

SPCX closed at $149.585, down 6.75% from the prior close of $160.42.

Executive Summary

Today marked SpaceX's official entrance into the Nasdaq-100 index. Several outlets framed the event as a limited near-term catalyst given the company's small public float, and shares fell despite the inclusion. Reporting attributed the decline to thin buying pressure from index-related purchases combined with investor concern over upcoming insider lockup expirations expected to begin in late July or August. The move also came against a weaker Nasdaq backdrop tied to a semiconductor sector selloff following Samsung's earnings report.

The session also marked the end of SpaceX's post-IPO quiet period, bringing a wave of sell-side coverage. Firms including Goldman Sachs, Morgan Stanley, JPMorgan, Deutsche Bank, Cantor Fitzgerald, Macquarie, RBC Capital, Bernstein, Raymond James, UBS, Citigroup, Wells Fargo, Stifel, Mizuho, and Needham initiated coverage, along with a neutral-rated initiation from MoffettNathanson, with price targets spanning roughly $131 to $800 and a mostly bullish tilt overall. Despite the largely constructive analyst tone, shares declined sharply through the session.

News

1. Memory Stocks Look Attractive as Service Sector Expansion Continues

Memory stocks, particularly Micron Technology, are positioned as attractive near-term buys as the service sector continues expanding. Despite Samsung's record earnings announcement, its shares fell 10%, highlighting South Korea's influence on memory stocks. The ISM non-manufacturing index remained healthy at 54 in June with moderating price pressures, while SpaceX was added to the NASDAQ 100 with restricted weighting due to its limited float. (Investing.com, Jul 7, 3:45 PM ET)

2. Samsung Selloff Sends Warning To US Investors; Amazon Enters AI Debt Binge

Samsung Warning

Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL).

Note the following:

Semiconductors are the leading sector that has been driving the stock (Benzinga, Jul 7, 2:18 PM ET)

3. SpaceX Stock and the Nasdaq-100: What History Tells Us About Potential Returns After July 7

SpaceX was added to the Nasdaq-100 on July 7, 2026. While index inclusion typically drives buying activity, historical data shows that over the past two years, only 6 of 21 companies added to the index gained in their first week, with an average loss of 3.8%. However, stocks showed more promise longer-term, averaging 3.6% gains after one month and 6.3% after three months. Long-term returns will depend on SpaceX's execution in capturing its $26.5 trillion addressable market in AI infrastructure. (The Motley Fool, Jul 7, 2:09 PM ET)

4. SpaceX Is Losing Money and Borrowing Billions. These 4 Profitable Aerospace Stocks Might Be Better Buys Right Now

The article contrasts SpaceX's financial struggles—$4.28 billion net loss in Q1 2026 and $25 billion in new debt—with four profitable aerospace companies offering more reliable investment opportunities. RTX, Heico, Curtiss-Wright, and Hexcel are highlighted as established businesses with strong cash generation, growing backlogs, and exposure to expanding defense and commercial aviation markets. (The Motley Fool, Jul 7, 2:05 PM ET)

5. Analysts Go All-In on SpaceX as the Quiet Period Ends. Here's What a $10,000 Investment Could Be Worth in One Year, According to Wall Street

Following the end of the mandatory quiet period after SpaceX's IPO, 19 analysts issued ratings with overwhelmingly bullish sentiment. The median price target of $250 suggests 56% upside from Monday's closing price of $160, though estimates range from $131 to $800. One analyst issued a neutral rating citing concerns about the company's ambitious data center plans and valuation. A $10,000 investment could potentially be worth between $2,300 to $40,000 within a year, depending on which analyst's projection proves accurate. (The Motley Fool, Jul 7, 2:01 PM ET)

6. EXCLUSIVE: Alphabet Replaces Verizon, Here’s Who Market Expert Jay Woods Says Could Leave Dow Jones Next

A market expert tells Benzinga why the recent Dow Jones Industrial Average change is good and what stock could be next to change. (Benzinga, Jul 7, 1:55 PM ET)

7. SpaceX Analyst Sees 64% Upside to Stock: ‘Vertical Integration at Civilization Scale’

SpaceX analysts begin coverage on the space stock with bullish takes on the short-term and long-term opportunities. (Benzinga, Jul 7, 1:32 PM ET)

8. Rocket Lab Announces a Big Acquisition That Could Be Problematic for SpaceX

Rocket Lab announced an $8 billion acquisition of Iridium Communications to create a vertically integrated space company combining launch capabilities with satellite communications. This move intensifies competition for SpaceX's Starlink, which generates 70% of SpaceX's revenue. With Amazon also launching its Leo satellite internet service, SpaceX faces mounting competitive pressure that could slow Starlink's growth and strain its already unprofitable business model. (The Motley Fool, Jul 7, 1:24 PM ET)

Price Action

Metric	Value
Open	$158.92
High	$159.2999
Low	$148.86
Close	$149.585
Change vs prior close	-6.75%
Volume	67,675,350
Intraday range	$10.44
Close vs IPO offer price ($135.00)	+10.80%

Shares opened at 158.92 and traded up to a session high of 159.2999 before selling off through the day to a low of 148.86, closing at 149.585, down 6.75% from Monday's close of 160.42. Volume of 67,675,350 shares came in well below the stock's average-to-date of 172,394,774, roughly 39% of that norm, so today's decline unfolded on lighter participation than SPCX has typically seen since its listing. Measured against the June 12 IPO offer price of 135.00, the close remains 10.80% higher, though it now sits about 7.06% below the first-day close of 160.95.

Today's close of 149.585 is the lowest daily close SPCX has recorded since its IPO.

Technicals

SPCX has traded for less than a month, so 14-day RSI and the 20/50/200-day moving averages are not yet statistically meaningful and are excluded or flagged accordingly below. The technical read here leans on price structure, candle shape, volume, and the real levels the stock has actually traded at.

Trend

Closes peaked at 201.80 on June 16, then trended lower into the 153-156 zone by late June, with a partial recovery to 170.86 on June 30 before renewed weakness pulled the stock back down, culminating in today's 149.585 close, the lowest since the IPO. The 5-day simple moving average (160.08), 5-day exponential moving average (157.41), and 10-day simple moving average (158.15) all sit above today's close, consistent with a short-term downtrend.

Candle read

Today's candle has a real body of -9.33 (open 158.92 to close 149.585), an upper wick of 0.38, a lower wick of 0.72, and a total range of 10.44. The close-location value of 0.07 means the close sits just above the session low, only about 7% up from the low within the day's range. That combination, a long bearish body with a small upper wick and a modestly larger lower wick, describes a session that opened near its high and sold off through the close with little late-session recovery.

Support levels

• Today's intraday low, 148.86
• The round-number level at 145
• The prior closing-price cluster from June 24-26 (154.54, 153.00, 153.23)
• The IPO offer price, 135.00

Resistance levels

• Today's open, 158.92
• The prior close, 160.42
• The 5-day SMA (160.08) and 10-day SMA (158.15)
• The round-number level at 155
• The first-day IPO close, 160.95

Momentum interpretation

Bull scenario: a move back above the 158.15-160.08 zone (the 10-day and 5-day moving averages) that holds through a session would indicate buyers are stepping back in above the recent moving-average band, with the prior close of 160.42 as the next level to reclaim.

Bear scenario: a break and close below today's low of 148.86 would open the path toward the 145 round-number level and, beyond that, the June 24-26 closing cluster near 153-154 would already have been surrendered.

Neutral scenario: continued trade between roughly 148.86 and 158.92, today's low and open, would suggest consolidation without a clear directional resolution yet. RSI-14 at 45.69 sits in neutral territory, neither overbought nor oversold, though it carries less weight this early in the stock's trading history.

Trading Takeaway

SPCX sold off on its Nasdaq-100 debut session, closing at a post-IPO low of 149.585 on below-average volume, even as a broad slate of sell-side analysts initiated coverage with mostly bullish ratings. The decline appears tied more to lockup-expiration concerns and a weak semiconductor-led tape than to the index inclusion itself. For the next session, the key levels to watch are support at 148.86 (today's low) and 145 (round number) against resistance at 158.15-160.08 (the 10-day and 5-day moving averages) and 160.42 (the prior close).

Sources

1. Memory Stocks Look Attractive as Service Sector Expansion Continues — Investing.com
2. Samsung Selloff Sends Warning To US Investors; Amazon Enters AI Debt Binge — Benzinga
3. SpaceX Stock and the Nasdaq-100: What History Tells Us About Potential Returns After July 7 — The Motley Fool
4. SpaceX Is Losing Money and Borrowing Billions. These 4 Profitable Aerospace Stocks Might Be Better Buys Right Now — The Motley Fool
5. Analysts Go All-In on SpaceX as the Quiet Period Ends. Here's What a $10,000 Investment Could Be Worth in One Year, According to Wall Street — The Motley Fool
6. EXCLUSIVE: Alphabet Replaces Verizon, Here's Who Market Expert Jay Woods Says Could Leave Dow Jones Next — Benzinga
7. SpaceX Analyst Sees 64% Upside to Stock: 'Vertical Integration at Civilization Scale' — Benzinga
8. Rocket Lab Announces a Big Acquisition That Could Be Problematic for SpaceX — The Motley Fool
9. Why Did SpaceX Stock Drop Today? — The Motley Fool
10. SpaceX's 91% Growth Forecast Isn't Just a Rocket Story, JPMorgan Says — Benzinga
11. The Nasdaq's Rough Day: When Good News Is Bad News for Market Indexes — The Motley Fool
12. SpaceX Nasdaq 100 Debut, Minimal Lift: Analysts Call the QQQ Hype Overdone — Benzinga
13. Your 401(k) May Have Just Bought SpaceX for You — Benzinga
14. Cathie Wood Likes That New Stock Smell: 3 IPO Stocks She Bought on Monday — The Motley Fool
15. Should You Buy SPCX Stock As SpaceX Joins The Nasdaq-100? — Benzinga
16. SpaceX Stock Is Worth This Much, According to Dan Ives (Hint: Big Gains Ahead) — The Motley Fool
17. SpaceX Has Already Dropped 30% From Its Peak: Time To Buy Below $165? — The Motley Fool
18. What's Going on With Amazon Stock on Tuesday? — Benzinga
19. Musk's SpaceX Wins Goldman Buy Rating: Here's Why The Stock Could Climb 30% — Benzinga
20. Stock Market Today: Dow Jones Futures Gain, S&P 500, Nasdaq 100 Slips As SpaceX Debuts On The Exchange—Rivian, Micron In Focus (UPDATED) — Benzinga
21. Is iShares' ITA or Tema's NASA the Better Aerospace ETF? — The Motley Fool
22. Deutsche Bank Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $255 — Benzinga
23. Cantor Fitzgerald Initiates Coverage On SpaceX with Overweight Rating, Announces Price Target of $246 — Benzinga
24. Macquarie Initiates Coverage On SpaceX with Outperform Rating, Announces Price Target of $250 — Benzinga
25. SpaceX Joins the Nasdaq-100 Today — and Wall Street Finally Gets to Speak — Benzinga
26. Will SpaceX Plunge Below $100 Before the End of 2026? History Provides a Decisive Answer. — The Motley Fool
27. This Performance Food Group Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday — Benzinga
28. RBC Capital Initiates Coverage On SpaceX with Outperform Rating, Announces Price Target of $225 — Benzinga
29. Bernstein Initiates Coverage On SpaceX with Outperform Rating, Announces Price Target of $239 — Benzinga
30. Raymond James Initiates Coverage On SpaceX with Strong Buy Rating, Announces Price Target of $800 — Benzinga
31. JP Morgan Initiates Coverage On SpaceX with Overweight Rating, Announces Price Target of $225 — Benzinga
32. B of A Securities Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $235 — Benzinga
33. MoffettNathanson Initiates Coverage On SpaceX with Neutral Rating, Announces Price Target of $131 — Benzinga
34. Morgan Stanley Analyst Initiates SpaceX Coverage, Sees Nearly 90% Upside for Elon Musk's SPCX — Benzinga
35. Stifel Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $190 — Benzinga
36. Mizuho Initiates Coverage On SpaceX with Outperform Rating, Announces Price Target of $200 — Benzinga
37. Needham Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $200 — Benzinga
38. UBS Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $210 — Benzinga
39. Morgan Stanley Initiates Coverage On SpaceX with Overweight Rating, Announces Price Target of $300 — Benzinga
40. Citigroup Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $200 — Benzinga
41. Wells Fargo Initiates Coverage On SpaceX with Overweight Rating, Announces Price Target of $230 — Benzinga
42. Goldman Sachs Initiates Coverage On SpaceX with Buy Rating, Announces Price Target of $205 — Benzinga
43. The SpaceX Sell-Off Looks to Be Getting Worse. Here's What Patient Investors Should Do Right Now. — The Motley Fool
44. Cathie Wood's Ark Invest Buys the SpaceX Dip and Dumps $8.6 Million Worth of Surging AMD Stock — Benzinga
45. Is the SpaceX IPO Officially Overhyped? — The Motley Fool
46. Gavin Newsom, Robert Reich Say Elon Musk's DOGE Damage Will 'Never Be Forgotten' as Fourth of July Sunset Clause Takes Effect — Benzinga
47. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Market data and technical readings are sourced as noted above and may be incomplete or delayed. Readers should verify all figures independently and consult a licensed financial advisor before making investment decisions.