CoinDesk·3 min read·hard
SpaceX's Nasdaq 100 inclusion comes with a historical warning
J
James Van Straten
✦AI Summary
Historical data suggests that inclusion in the Nasdaq 100 index does not guarantee continued stock growth for companies like SpaceX. Past examples, such as Palantir and MicroStrategy, show that stocks often peak before or during index inclusion, leading to subsequent corrections.
The stock immediately surged to as high as $225 in the days after the June 12 IPO,only to deflate to $162 last week. Now the big question is what happens after it is included in the Nasdaq index.
businesseconomy
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