SpaceX shares fell to their lowest-ever closing price on Tuesday despite the company’s recent inclusion in the Nasdaq-100 index.The stock slid 6.8% to $149.47, more than 25% below its June 16 high of $201.80, as market participants anticipated the index addition but failed to drive significant demand.The rapid entry of SpaceX into major indexes like the Nasdaq-100, Vanguard U.S.

Total Market Index, and MSCI Global Index over the past 15 trading days did not provide the expected boost, with over 75 million shares traded at the closing auction.Analysts noted that index inclusion often leads to passive demand from funds tracking benchmarks, but the market reaction remains unpredictable.Broader tech-sector declines, fueled by concerns over AI spending, Middle East conflicts, and rising bond yields, further pressured the stock.While some brokerages issued bullish ratings, the stock opened at $158.92 on Tuesday, reflecting mixed investor sentiment.

Experts suggest future catalysts may include earnings reports and the release of lockup shares, which could increase SpaceX’s weight in the Nasdaq-100.The Nasdaq-100 itself dropped over 1.75% as part of a wider tech selloff, highlighting the interconnectedness of market dynamics.