On Monday, SpaceX's stock price experienced a decline for the second consecutive day, inching closer to its initial public offering (IPO) price of $135. This downturn comes just days after the stock's inclusion in the Nasdaq 100 Index, an event that spurred a wave of passive investor purchases as funds mirroring the index recalibrated their portfolios. Owing to recent amendments in Nasdaq's criteria for incorporating newly listed entities, the aerospace and artificial intelligence behemoth was fast-tracked into the index within a mere month of its market debut. Since initiating trading on June 12, the stock has consistently traded below its inaugural opening price of $150.
