SpaceX Stock Price Prediction as SPCX Joins Nasdaq-100 on July 7

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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SpaceX Stock Price Prediction as SPCX Joins Nasdaq-100 on July 7
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Highlights

  • SpaceX Stock price faces $162 resistance before Nasdaq-100 inclusion Tuesday.
  • JPMorgan estimates $4.3 billion in passive buying from major index funds.
  • SPCX needs a $162 breakout before bulls target $170 and $180.

SpaceX’s stock price traded near $161.15 on Monday, falling 0.52% as sellers limited early gains. The move came before SPCX enters the Nasdaq-100 before Tuesday’s market open. Traders are watching whether index demand can support a stronger rebound. However, resistance near $162 remains the first major hurdle for buyers this week.

SpaceX  To Joins Nasdaq-100 Tomorrow

SpaceX will join the Nasdaq-100 on July 7, shortly after its June public market debut. This is an odd time to do it since it takes many companies years to make it to major indexes. Nasdaq’s updated rules now allow faster inclusion for large newly listed companies. That shift enabled SpaceX to reach the benchmark much sooner than usual.

The inclusion could create a strong demand event for SPCX shares. JPMorgan is believed to have approximately 4.3 billion funds and ETF passive buying. Such funds have to make portfolios adapt to the Nasdaq-100 format. Consequently, traders anticipate more liquidity and increased interest surrounding the stock.

The expected buying however does not eliminate all the risks surrounding the listing. SpaceX has a high market value, yet its listed shares are few. Elon Musk together with other insiders remain a significant shareholder of the company. Such a structure can make it more volatile as index funds fight over shares.

Nasdaq Rule Change Boosts Market Attention

SpaceX’s rapid entry follows Nasdaq’s decision to ease index seasoning rules for major IPOs. The change of the rule enables eligible companies to join following a reduced post-listing window. This change promotes massive initial issues that already have high investor interest.

In the case of SPCX, timing is a powerful arrangement of the inclusion of Tuesday. The money that follows the Nasdaq-100 might require stocks as the company joins the index. The demand is capable of raising liquidity and enhancing confidence in the new listing. But compelled purchase may evaporate as the rebalancing action decelerates.

SpaceX Stock Price Prediction: Will SPCX Rebound To $180 This Week

The SPCX stock is hovering around $162 following the pullback on Monday after rising to higher levels. The SpaceX Stock Price turned down the $165 to $166 zone and was falling to the $160 support. 

Such rejection indicated that sellers were at play in the upper intraday range. Thus, buyers have to recover $162 before the momentum can improve.

An upside breakout of more than $162 would bring $165 back in the limelight. If volume become better, SPCX stock price can retest the previous rejection of around $170. Any further upside above $170 might clear the way to $180 this week. Beyond that, traders can observe extended targets of $190 and $200.

SpaceX Stock Price Prediction as SPCX Joins Nasdaq-100 on July 7
SpaceX Stock Price

On the downside, $160 remains the key short-term support level for bulls. A break below that area could send SPCX toward $157. Should the selling pressure increase, the stock can retrace to the support level of $155. 

For now, the Nasdaq-100 inclusion remains the main bullish catalyst for SPCX. Passive purchasing can help in rebounding provided buyers protect the $160 zone.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Why is SpaceX joining the Nasdaq-100 important?

The inclusion may increase liquidity, market visibility, and demand from index-tracking funds

2. How much passive buying could SPCX attract?

JPMorgan reportedly estimates the inclusion could trigger about $4.3 billion in passive buying.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.