Al Jazeera·3 min read·medium
SpaceX shares slide as it joins the tech-heavy Nasdaq-100
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Al Jazeera
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SpaceX shares fell by 5.4 percent following its rapid inclusion in the Nasdaq-100 index, as investors expressed concerns over high valuations in the tech sector. Despite the company's quick entry into the benchmark, market sentiment remains cautious regarding the sustainability of the current AI-driven boom.
Musk-led company joined the index on Tuesday, less than a month after its stock market debut on June 12, among the fastest inclusions ever.
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