SpaceX Joins Nasdaq-100 July 7, Charter Mobile Talks Emerge

SPCX closed at $164.00 on June 29, 2026, gaining $10.77 (+7.03%) from Friday's close of $153.23.

Executive Summary

SPCX posted its strongest single-session percentage gain since its first week of trading, closing at $164.00 on volume of 67.9 million shares. Two confirmed catalysts drove the move: Nasdaq announced after Friday's close that SpaceX will join the Nasdaq-100 index effective July 7, and reports emerged Monday morning that SpaceX held executive-level discussions with Charter Communications about a consumer mobile partnership. That second headline weighed on telecom names including Verizon and AT&T while lifting SPCX. A broad quarter-end tailwind from window dressing and Russell 1000 rebalancing flows provided an additional backdrop.

The session resolves a five-day consolidation in a narrow band just above $153. Today's close at $164.00 puts the stock back above its IPO closing price of $160.95 for the first time since June 18, though the stock remains 18.7% below its all-time closing high of $201.80 set on June 16. The July 7 Nasdaq-100 effective date and the simultaneous expiration of the underwriter quiet period are now the next scheduled events likely to influence price.

News

1. Telecom Stocks Face Heavy Selling Pressure Monday: Here's Why

Verizon Communications Inc (NYSE: VZ) and AT&T Inc (NYSE: T) shares are falling Monday. There are reports of new satellite connectivity headlines that could reshape the U.S. wireless market. (Benzinga, Jun 29, 4:02 PM ET)

2. SpaceX's Cursor Takes AI Coding Agents To iPhone In Public Beta

Cursor has rolled out a native iOS app in public beta, giving paid subscribers a way to start and manage coding agents away from a computer. (Benzinga, Jun 29, 3:30 PM ET)

3. Why Verizon Fell Today

Verizon's stock fell 5.8% following multiple industry developments: the company announced a spin-off of international operations into a joint venture with BT Group and cost-cutting measures; competitor Comcast announced a separation of its business units; SpaceX was reported to be in talks with Charter Communications about mobile services; and Verizon was removed from the Dow Industrial Average. While Verizon's fundamentals remain stable with a 6.1% dividend yield, the stock faces growth constraints and competitive pressures. (The Motley Fool, Jun 29, 3:26 PM ET)

4. Quarter-End Window Dressing Gives Fundamentally Superior Stocks a Lift

The stock market is rallying ahead of the 4th of July holiday weekend, supported by Russell index realignment benefiting small-to-mid cap stocks, SpaceX's addition to the Russell 1000, and quarter-end window dressing by institutional investors. However, concerns persist from European media about AI data center spending risks and potential financial instability, while trade tensions escalate between the U.S. and EU over digital services taxes. (Investing.com, Jun 29, 3:25 PM ET)

5. Is OpenAI’s IPO Delay a Warning for AI Investors?

OpenAI is reportedly delaying its IPO from late 2026 to 2027, raising concerns about AI valuations and market appetite. SpaceX's recent IPO saw significant share decline after announcing a major AI acquisition, signaling potential investor hesitation. Chipmakers, which power AI infrastructure, have experienced recent selloffs, though strong earnings from Micron suggest the sector remains fundamentally sound. Investors should monitor hardware and infrastructure providers as proxies for AI market health. (Investing.com, Jun 29, 3:16 PM ET)

6. SpaceX Will Join the Nasdaq-100 on July 7. Here's What a $10,000 Investment Could Be Worth in December, According to History.

SpaceX will be added to the Nasdaq-100 on July 7, marking one of the quickest additions to the index. While the company reported $18.7 billion in 2025 revenue (up 33% YoY), it posted a $4.9 billion net loss. Historical data on large IPOs shows mixed results, with more than half of newly public stocks trading below their offering price within six months. SpaceX's valuation of 112 times sales is considered expensive, and the stock could range from $2,300 to $31,700 on a $10,000 investment by year-end based on historical precedents. (The Motley Fool, Jun 29, 3:13 PM ET)

7. SpaceX Just Lost $600 Billion in Value in Less Than Two Weeks. That's Why I'm Buying Bitcoin.

SpaceX's stock has declined sharply from its record high of $225.64 to $160 since its June IPO, losing over $600 billion in market value. The author argues the company's valuation is excessive at 106x sales despite 33% revenue growth, and recommends Bitcoin as a more compelling investment as growth investors pivot away from crypto back to cryptocurrencies. (The Motley Fool, Jun 29, 2:29 PM ET)

8. Charter Communications Stock Is Soaring: What's Going On?

Charter Communications Inc (NASDAQ:CHTR) shares are jumping on Monday. It was reported that the company held executive level discussions with Space Exploration Technologies Corp (NASDAQ:SPCX) about a consumer mobile phone partnership. Here's what you need to know. (Benzinga, Jun 29, 1:13 PM ET)

Price Action

Metric	Value
Open	$157.36
High	$166.17
Low	$151.74
Close	$164.00
Change vs prior close	+$10.77 (+7.03%)
Volume	67,883,343
Intraday range	$14.43
Close vs IPO close	+$3.05 (+1.90%)

SPCX opened at $157.36, above Friday's close, then dipped to a session low of $151.74 in early trading before reversing sharply. The stock climbed through the session, reached a high of $166.17, and settled at $164.00. The recovery from the session low to the close spanned roughly $12.26 within a single session. Volume of 67.9 million shares came in at approximately 33% of the post-IPO running average of 203.2 million, well below the heavy turnover that characterized the first week of trading. The subdued volume relative to history suggests today's move was partially driven by positioning ahead of the July 7 index inclusion rather than broad-based new institutional accumulation. The close at $164.00 sits 21.5% above the IPO offer price of $135.00 and 1.9% above the IPO closing price of $160.95.

The key price observation from the session: the $153 base held on the intraday test, and the close back above the IPO closing price marks a tangible short-term shift in structure.

Technicals

SPCX has traded for 13 sessions since its June 12 IPO. RSI-14, SMA-20, SMA-50, and SMA-200 are not computable from the available history and are not reported here. The analysis below relies on price structure, the short-period moving averages that are available, candle anatomy, and identifiable levels from the actual close history.

Trend

The stock reached its post-IPO closing peak at $201.80 on June 16, four sessions after listing, then declined over five sessions to a trough of $153.00 on June 25. It held near that level through June 26 before Monday's 7% advance. The five-day simple moving average of $156.18 and the five-day exponential moving average of $160.08 are both now below today's close, which is a short-term constructive reading. The 10-day SMA of $170.66, which carries the weight of the early high-close sessions, remains above the current close; price would need to clear and sustain above that level to suggest a more meaningful recovery from the post-peak drawdown.

Candle read

Monday's candle has a body of $6.65 (open $157.36 to close $164.00), an upper wick of $2.17, and a lower wick of $5.62. The lower wick is more than twice the length of the upper wick, indicating sellers pushed price well below the open in early trading but buyers absorbed the pressure and drove it substantially higher by the close. The close location at 0.85, meaning the close settled at the 85th percentile of the day's full range, reinforces the bullish intraday reversal character. This is not a weak bounce candle; the visible rejection of the early low and the high close location indicate demand arrived with some conviction on the intraday dip.

Support levels

The nearest support is the intraday low at $151.74, where buyers reversed the early session decline on Monday. This is the first level to watch on any pullback.

The five-session consolidation base from June 25 through June 26 in the $153.00-$153.23 range represents a more established support zone. A retest of this area from today's close would represent a roughly 6-7% drawdown.

The IPO offer price of $135.00 is the structural reference floor for all public shareholders. At 17.7% below today's close, it is not an immediate consideration but serves as the baseline against which all post-IPO moves are measured.

Resistance levels

The nearest resistance is the session high of $166.17. The stock reached that level intraday and pulled back to close at $164.00, leaving a visible rejection point that becomes the first overhead level to clear.

The June 18 close of $185.00 was the final step in the post-peak staircase before the larger decline. A sustained move above this level would suggest material recovery from the drawdown.

The June 15-17 close range of $191.82-$192.50 represents the upper band of the post-IPO surge. Recovering this area would require roughly 17-18% from today's close.

The all-time closing high of $201.80 from June 16 is the outer reference ceiling for the full price history.

Momentum interpretation

Bull scenario: The Nasdaq-100 effective date is July 7, and index fund rebalancing demand is a known, date-certain catalyst. Analyst quiet period expiration on the same date could introduce price targets for the first time since the IPO. If price holds above the IPO close ($160.95) through the week and volume expands on any continuation, the 10-day SMA ($170.66) is the next logical target. A close above $170.66 would flip that average from overhead resistance to a level tested and cleared from below.

Bear scenario: Today's volume registered at 33% of the post-IPO running average, which may reflect short-term positioning around the index event rather than durable new demand. If the Charter partnership discussions do not advance to a formal announcement, or if broader market conditions deteriorate ahead of the holiday weekend, the intraday test of $151.74 suggests a retest of the $153 base is achievable. A close below $151.74 would set a new post-IPO intraday low and indicate the bounce was a fade opportunity rather than a structural reversal.

Neutral: Today's close lands between the short-term consolidation base and the session high. A tight range in the $160-$165 band over the next two sessions with below-average volume would read as orderly consolidation ahead of the July 7 index inclusion date.

Trading Takeaway

Monday's session broke SPCX out of a five-day base on two confirmed catalysts: Nasdaq-100 inclusion effective July 7 and reported Charter Communications mobile partnership discussions. The close at $164.00 puts the stock back above its IPO closing price for the first time since June 18. Key levels heading into Tuesday: the IPO close at $160.95 is the logical support to defend on any pullback, and the session high at $166.17 is the immediate resistance to clear. The July 7 Nasdaq-100 rebalance date and simultaneous underwriter quiet period expiration are the next scheduled events with potential price impact. Volume will be the primary tell on whether institutional buyers are building positions or whether Monday's move reflects shorter-term event positioning.

Sources

1. Telecom Stocks Face Heavy Selling Pressure Monday: Here's Why — Benzinga, June 29, 2026
2. SpaceX's Cursor Takes AI Coding Agents To iPhone In Public Beta — Benzinga, June 29, 2026
3. Why Verizon Fell Today — The Motley Fool, June 29, 2026
4. Quarter-End Window Dressing Gives Fundamentally Superior Stocks a Lift — Investing.com, June 29, 2026
5. Is OpenAI's IPO Delay a Warning for AI Investors? — Investing.com, June 29, 2026
6. SpaceX Will Join the Nasdaq-100 on July 7. Here's What a $10,000 Investment Could Be Worth in December, According to History. — The Motley Fool, June 29, 2026
7. SpaceX Just Lost $600 Billion in Value in Less Than Two Weeks. That's Why I'm Buying Bitcoin. — The Motley Fool, June 29, 2026
8. Charter Communications Stock Is Soaring: What's Going On? — Benzinga, June 29, 2026
9. Elon Musk's SpaceX Set To Join Nasdaq-100 — Benzinga, June 29, 2026
10. This Is the Single Most Important Number in the SpaceX S-1 — The Motley Fool, June 29, 2026
11. Should You Buy SpaceX Before July 7? — The Motley Fool, June 29, 2026
12. Why Viasat Stock Went to the Moon Today — The Motley Fool, June 29, 2026
13. Why Rocket Lab Stock Went to the Moon Today — The Motley Fool, June 29, 2026
14. SpaceX Has Three AI Customers Paying $27.8 Billion a Year. How Big Can This Revenue Stream Get? — The Motley Fool, June 29, 2026
15. Rocket Lab Just Became More Like SpaceX — And Less Like A Rocket Company — Benzinga, June 29, 2026
16. 'Musk backs Cook as AI memory crunch drives Apple price hikes' - DigiTimes — Benzinga, June 29, 2026
17. Why Is Solidion Technology Stock Gaining Monday? — Benzinga, June 29, 2026
18. SpaceX's $60 Billion Cursor Acquisition Changes Everything. Here's Why. — The Motley Fool, June 29, 2026
19. How SpaceX Uses a Secret Launch Subsidy to Make Starlink Look Insanely Profitable — The Motley Fool, June 29, 2026
20. 2 Reasons July 7 Is Shaping Up as a Monster Day for SpaceX — The Motley Fool, June 29, 2026
21. Reported Friday, Nasdaq Announces Space Exploration Technologies To Become Component Of Nasdaq-100 Index Beginning July 7, 2026 — Benzinga, June 29, 2026
22. Elon Musk Says He Would Be 'Disappointed' If SpaceX Does Not 'Significantly Exceed' These Bullish Revenue Milestones — Benzinga, June 29, 2026
23. Elon Musk Shares Wish For Mankind On 55th Birthday, Mom Maye Says Son Celebrated With Rocket And Moon Base Cake — Benzinga, June 29, 2026
24. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or an offer or solicitation of any kind. All market data is sourced from Alpaca Markets (SIP feed) and linked publications as cited above. Data may contain errors or delays. Past performance is not indicative of future results. Verify all information independently before making any investment decision.