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SpaceX Joins Nasdaq-100 on July 7. Its Stock is Still Not a Buy
Key takeaways
- Space X Joins Nasdaq-100 on July 7.
- Lockup expiration, a $60 billion all-stock acquisition, and $25 billion in new debt create compounding headwinds just as index buying fades.
- History shows large IPOs often offered far better entry points after excitement faded, once revenue, earnings, and cash flow replaced momentum as price drivers.
Space X Joins Nasdaq-100 on July 7. Its Stock is Still Not a Buy Rich Duprey Sat, June 27, 2026 at 7:40 PM GMT+7 5 min read SPCX NVDA Quick Read Space X's Nasdaq-100 addition on July 7 forces billions in automatic passive fund buying, but mechanical demand doesn't reflect underlying business value.
Lockup expiration, a $60 billion all-stock acquisition, and $25 billion in new debt create compounding headwinds just as index buying fades.
History shows large IPOs often offered far better entry points after excitement faded, once revenue, earnings, and cash flow replaced momentum as price drivers.
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