SpaceX shares extended their recent decline on Wednesday, closing at $148, marking the second consecutive trading session below the company's June 12 opening price of $150 per share despite its high-profile addition to the Nasdaq 100 index earlier this week.
SpaceX became one of the fastest companies ever admitted to the Nasdaq 100 after the exchange recently updated its eligibility rules for newly listed firms. The accelerated timeline allowed the company to enter the benchmark less than a month after its June 12 debut, making it immediately accessible to billions of dollars managed by index funds and exchange-traded funds that mirror the index.
