SpaceX Closes Down 6.83%, Falls Below First-Day Opening Price

CoinFeed reported on July 8, citing Jiemian News, that on July 7 Eastern Time, at the US stock market close, SpaceX closed at $149.47, down 6.83% for the day, with an intraday low of $149.09, hitting a new low since its Nasdaq listing on June 12, and also falling below its first-day opening price of $150, but still above its IPO issue price of $135. The stock was officially included in the Nasdaq 100 index that day, which should have been a positive window for passive fund support, but the stock price went the opposite way. Coupled with a broad pullback in tech stocks across the market, multiple bearish factors pushed the stock into a deep adjustment channel.