Set to Join Nasdaq-100 Index Tuesday

SPCX closed at $160.40, down 0.99% from the prior close of $162.00, on volume of 75,943,647 shares.

Executive Summary

SPCX traded lower on July 6 ahead of its addition to the Nasdaq-100 index, which takes effect July 7 under the index's fast-track eligibility rules for large IPOs. Shares opened at $165.95, pushed as high as $167.895 intraday, then gave back the gain to close at $160.40, a decline of 0.99% versus the prior session's $162.00 close. Volume came in at 75,943,647 shares, well below the average volume to date of 171,842,608.

The session's headlines centered on the Nasdaq-100 inclusion event, with reporting citing an estimated 1% index weighting and index-fund buying pressure tied to the addition. Other coverage touched on a reported AI infrastructure arrangement with Cursor, an analyst initiation with a price target, and a provision tied to additional share issuance above a stated price threshold before early August. None of these figures are verified against Alpaca market data and are attributed to their respective sources in the roundup below.

News

1. The Stock Market Will Make History on July 7. Here's What Investors Need to Know Now.

SpaceX officially went public on June 12 as the largest IPO ever with a $2 trillion market cap. On July 7, it will join the Nasdaq-100 index under new fast-track entry rules for mega-IPOs, becoming the first company to do so. The stock is expected to have approximately 1% weighting in the index, impacting ETFs like QQQ and QQQM. (The Motley Fool, Jul 6, 2:29 PM ET)

2. Should You Buy AT&T Stock Before July 22?

AT&T stock has declined 17% this year and is trading near 52-week lows, primarily due to concerns about SpaceX's Starlink disrupting its business. However, the company's fundamentals remain strong with low single-digit revenue growth expected. With a low P/E ratio of 7 and a 5.4% dividend yield, the stock may offer value for long-term investors before the company reports Q2 earnings on July 22. (The Motley Fool, Jul 6, 2:27 PM ET)

3. Too Many ETFs? Record 214 Fund Launches In June Raise Questions About Market Saturation

The ETF industry launched a record 214 new funds in June, led by leveraged, thematic and active strategies. And they may struggle to survive. (Benzinga, Jul 6, 1:53 PM ET)

4. Semi Stocks Gain Ahead Of Samsung Earnings And SK Hynix US Listing; Yields Ease

Tech Rebound

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 6, 1:48 PM ET)

5. Quantum Cyber Rejects Short-Seller Claims as it Details Drone Production Plans

Quantum Cyber rejects a short-seller report, defends its capital structure and strategy and outlines plans for a drone facility targeting 100,000 units annually. (Benzinga, Jul 6, 1:24 PM ET)

6. SpaceX Has a Hidden 30% Rule—and It Could Surprise Investors

A little-known IPO rule could unlock 456 million extra SpaceX shares after earnings if the stock stays above $175.50 before Aug. 3. (Benzinga, Jul 6, 1:05 PM ET)

7. Where Will SpaceX Be in 3 Years?

SpaceX is positioned for significant growth across three business segments over the next three years: its neocloud AI data center business (with major deals from Google and Anthropic), Starlink satellite internet service (targeting 15 million U.S. subscribers by 2030), and rocket launches (expected to reach $8.3 billion in revenue by 2030). The company's Starship rockets could achieve a 90% reduction in launch costs, creating a competitive advantage. However, investors are advised to wait and see execution before investing. (The Motley Fool, Jul 6, 12:25 PM ET)

8. 'US judge rejects Elon Musk bid to set aside Twitter fraud verdict' - Reuters

(Benzinga, Jul 6, 11:45 AM ET)

Price Action

Metric	Value
Open	$165.95
High	$167.895
Low	$155.04
Close	$160.40
Change vs prior close	-0.99% (prior close $162.00)
Volume	75,943,647
Average volume to date	171,842,608
Intraday range	$12.86
Close vs IPO close ($160.95)	-0.34%
Close vs IPO offer price ($135.00)	+18.81%

SPCX opened above the prior close at $165.95, rallied to an intraday high of $167.895, then reversed to a low of $155.04 before settling at $160.40. The full session range of $12.86 was wide relative to the closing price, and volume of 75,943,647 shares ran at roughly 44% of the average volume to date, indicating a lighter-than-typical participation day despite the size of the intraday swing. The close sits just below the IPO-day close of $160.95 and remains well above the $135.00 IPO offer price.

The one-line takeaway: shares gave back an early advance to close essentially flat versus the IPO-day close, on below-average volume.

Technicals

SPCX began trading on June 12, 2026, so the stock has only 15 trading sessions of history as of this report. The 14-day RSI and 20/50/200-day moving averages are not yet fully meaningful given this limited window (SMA-20, SMA-50, and SMA-200 are explicitly unavailable in the data below), so the read here leans on price structure, candle shape, and volume rather than longer-lookback indicators.

Trend

Since the June 12 IPO close of $160.95, SPCX ran up to a closing high of $201.80 on June 16, then declined through late June to a closing low of $153.00 on June 25. The stock recovered into a close of $170.86 on June 30, pulled back to $157.54 on July 1, bounced to $162.00 on July 2, and closed today at $160.40. The path since late June has been a choppy range roughly bounded by the $153-$171 closing levels, with today's close sitting in the lower half of that recent band.

Candle read

Today's candle has a body of -5.55 (open above close, a bearish/red body), an upper wick of 1.95, and a lower wick of 5.36, against a full range of 12.86. The close location of 0.42 means the close settled just below the midpoint of the day's range, closer to the low than the high. The longer lower wick relative to the upper wick indicates the session saw a defended low with some buying off $155.04, but sellers still controlled the close, pushing it below the open.

Support levels

• $155.04 — today's intraday low
• $153.00 — the June 25 closing low, the lowest close in the stock's short trading history
• $135.00 — the IPO offer price, the stock's structural floor since listing

Resistance levels

• $162.00 — the prior session's close
• $165.95 — today's opening price
• $167.895 — today's intraday high
• $170.86 — the June 30 closing high in the recent range

Momentum interpretation

RSI-14 reads 49.79, a neutral midpoint reading, though with only 15 sessions of history this indicator carries less weight than usual. The short-term moving averages are close together but not aligned in one direction: SMA-5 is $163.00, EMA-5 is $161.31, and SMA-10 is $158.65, while today's close of $160.40 sits below the SMA-5 and EMA-5 but above the SMA-10.

Bull scenario: a move back above $162.00 (prior close) and $165.95 (today's open) that extends toward $167.895 (today's high) and $170.86 (the June 30 close) would suggest buyers are reasserting control after today's reversal.

Bear scenario: a break below $155.04 (today's low) that continues toward $153.00 (the June 25 closing low) would signal the recent range's floor is giving way.

Neutral scenario: continued rotation between roughly $155 and $166, consistent with the choppy pattern seen since late June, without a decisive break of either boundary.

Trading Takeaway

SPCX opened firm, tagged a fresh intraday high near $167.90, then reversed to close down 0.99% on the day, essentially flat versus the IPO-day close and on volume running well below the stock's short-history average. The reversal, combined with a lower wick longer than the upper wick, points to a session where dip-buying showed up near $155 but couldn't hold the early gains into the close. For the next session, the key levels to watch are resistance at $162.00 and $165.95, and support at $160.40 and $155.04. A close back above $162.00 would favor the bull scenario above; a break of $155.04 would favor the bear scenario. With SPCX joining the Nasdaq-100 on July 7 per the day's reporting, index-related flow is a factor to watch alongside these technical levels.

Sources

1. The Stock Market Will Make History on July 7. Here's What Investors Need to Know Now. — The Motley Fool
2. Should You Buy AT&T Stock Before July 22? — The Motley Fool
3. Too Many ETFs? Record 214 Fund Launches In June Raise Questions About Market Saturation — Benzinga
4. Semi Stocks Gain Ahead Of Samsung Earnings And SK Hynix US Listing; Yields Ease — Benzinga
5. Quantum Cyber Rejects Short-Seller Claims as it Details Drone Production Plans — Benzinga
6. SpaceX Has a Hidden 30% Rule—and It Could Surprise Investors — Benzinga
7. Where Will SpaceX Be in 3 Years? — The Motley Fool
8. 'US judge rejects Elon Musk bid to set aside Twitter fraud verdict' - Reuters — Benzinga
9. SpaceX in the Spotlight as Company Set to Join Nasdaq-100 Tuesday — Benzinga
10. SpaceX's Massive AI Deal Could Create a Powerful New Growth Engine — The Motley Fool
11. SpaceX's Gwynne Shotwell Pledges SpaceX Stock for 2 Million Children Through Trump Accounts — Benzinga
12. SpaceX Joins the Nasdaq-100 on July 7. Here Is What This Means for QQQ and QQQM Investors. — The Motley Fool
13. Here's What a $17,000 Investment in SpaceX Could Be Worth Over the Next 12 Months, According to Wall Street AI Bull Dan Ives — The Motley Fool
14. 2 Space Stocks to Buy in July (Hint: Not SpaceX) — The Motley Fool
15. Elon Musk's SpaceX Deorbits 260 Starlink Satellites in Six Months, With Hundreds More Set to Burn Up — Benzinga
16. Why Redwire Stock Plummeted 50.2% Last Month and Has Kept Falling in July — The Motley Fool
17. History Says This Is What Happens When a Stock Joins the Nasdaq-100 — The Motley Fool
18. Elon Musk Says Space Is 'the Only Way to Scale at Scale' for AI Computing Amid Earthbound Bottlenecks — Benzinga
19. Jared Isaacman Calls the Moon a 'Proving Ground' for Technology, Says China Plans Lunar Landing by 2029 — Benzinga
20. Stock Market Today: Dow Jones Futures Fall, S&P 500, Nasdaq Gain Following Independence Day Weekend— Intel, SanDisk, Tesla, Ford In Focus (UPDATED) — Benzinga
21. Elon Musk Slammed for Paying the Same Social Security 'Taxes' as an Electrician, Ross Gerber Explains Why the Outrage Isn't Valid — Benzinga
22. If You Invested $1,000 in SpaceX at Its IPO, Here Is What It Is Worth Today — The Motley Fool
23. MrBeast Says America Gave Him 'Freedom' to Chase Dreams, Tim Cook Calls 'Our Country' a Testament to 'Power of Possibility' as US Celebrates 250 Years — Benzinga
24. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market data and technical readings are sourced from Alpaca Markets and reflect data available as of the report date; figures may be revised or restated by the data provider. SPCX has a limited trading history, and technical indicators referenced here carry reduced statistical reliability as a result. Readers should verify all data independently and consult a qualified financial advisor before making investment decisions.