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SpaceX Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3%
Key takeaways
- SPCU dropped 13% and SPCQ jumped 12% as leveraged Space X ETF traders amplified Wednesday's volatility, though both funds carry multi-day decay risk.
- SpaceX joins the NASDAQ 100 before July 7's open, an event JPMorgan estimates could force roughly $4.3 billion in mechanical index-fund buying.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut.
Space X Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3% David Moadel Thu, July 2, 2026 at 12:20 AM GMT+7 4 min read QQQ ^NDX RKLB GOOG SPCX Quick Read Space X stock slid 6% despite Dan Ives' $190 Outperform initiation, while Rocket Lab stock surged 4% on CEO Peter Beck's $8 billion Iridium acquisition and Virgin Galactic stock climbed 3% Wednesday afternoon.
SPCU dropped 13% and SPCQ jumped 12% as leveraged Space X ETF traders amplified Wednesday's volatility, though both funds carry multi-day decay risk.
SpaceX joins the NASDAQ 100 before July 7's open, an event JPMorgan estimates could force roughly $4.3 billion in mechanical index-fund buying.
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