SpaceX stocks fell 6.83% to $149.47 on the previous trading day, marking the lowest closing price since the company's listing on 12일 (local time), according to Investing.com. The decline occurred on SpaceX's first day of inclusion in the Nasdaq-100 index, defying expectations of inflows from global passive funds tracking the index. Korean retail investors who purchased $1.91599 billion (approximately 3 trillion won) worth of SpaceX Class A shares since 16일 through 7일 faced direct losses from the stock plunge. The Nasdaq-100 index, comprising 100 leading global companies including NVIDIA, Apple, Microsoft, and Amazon, is tracked by over $800 billion in assets worldwide.
SpaceX Stocks Record Post-IPO Low on Nasdaq-100 Inclusion Day
SpaceX's stock closed at $149.47 on the previous trading day, representing a 6.83% decline from the prior session. This marked the first time the stock's closing price dropped to the $140 range since its listing on 12일 (local time). The stock opened at $160.95 on its first trading day — 19.22% above the IPO price of $135 — and peaked at $225.64 before settling into a $150-$160 trading range.
The decline came despite SpaceX's fast-track inclusion in the Nasdaq-100 index after just 16 trading days under the exchange's accelerated eligibility rules. Market participants attributed the drop to weakened investor sentiment across technology stocks amid concerns over artificial intelligence semiconductor valuations, combined with profit-taking following the index inclusion event. SpaceX's relatively small weighting within the Nasdaq-100 index also limited passive fund inflows.
Korean Retail Investors Lose on $1.9 Billion SpaceX Purchases
Korean retail investors, known as "Seohaggaemi" (individual investors in US stocks), purchased a net $1.91599 billion worth of SpaceX Class A shares from 16일 through 7일, according to Korea Securities Depository data. This amount far exceeded the second-ranked net purchase of Micron Technology ($271.88 million) and the third-ranked Roundhill T-REX 2X Long DRAM Daily Target ETF ($241.57 million) during the same period.
The "Leveraged Shares 2X Long SPCX Daily ETF," which tracks twice the daily returns of SpaceX, also appeared in the top 10 net purchases with $125.28 million. SpaceX Class A became the top net-purchased stock by Korean retail investors for the entire year. The stock's sharp decline resulted in unavoidable losses for these investors.
Korean Aerospace ETFs Post Double-Digit Losses
Korean asset management companies' aerospace-focused ETFs with high SpaceX allocations recorded significant losses over the past month. TIGER US Space Tech posted a -35.19% return, while SOL US Aerospace TOP10 fell -22.84%. ACE US Space Tech Active declined -22.18%, and KODEX US Aerospace dropped -19.73%.
Wall Street Analysts Set SpaceX Price Targets Up to $300
Morgan Stanley set the highest price target for SpaceX at $300, representing 100.7% upside from the previous day's closing price. UBS assigned a $210 target, and Goldman Sachs set a $205 target.
FAQ
What happened to SpaceX stocks on its Nasdaq-100 inclusion day?
SpaceX stocks fell 6.83% to $149.47 on the previous trading day, the first day of its inclusion in the Nasdaq-100 index. This marked the lowest closing price since the company's listing on 12일 (local time). The decline occurred despite expectations of inflows from global passive funds tracking the index.
How much did Korean retail investors lose on SpaceX stocks?
Korean retail investors purchased a net $1.91599 billion (approximately 3 trillion won) worth of SpaceX Class A shares from 16일 through 7일, according to Korea Securities Depository data. The stock's 6.83% decline on the previous trading day resulted in direct losses for these investors, who made SpaceX their top net-purchased stock for the year.
