SpaceX Falls to $149.47 as Limited Float Caps Nasdaq-100 Buying

SpaceX (SPCX.OQ) traded at $149.47 on July 8 after dropping more than 5% on its July 7 Nasdaq-100 debut. The stock opened at $150 on June 12, spiked to $225.64 within days, then retreated amid heavy options activity and warnings of an $800 billion lockup expiration through October. Index inclusion triggered only modest passive inflows because the June IPO floated just 4.3% of equity, leaving Elon Musk with 42% ownership and 82.4% voting control. Analysts remain bullish with a $239 consensus target, but near-term supply pressure from early investors continues to weigh on sentiment.