SpaceX Shares Slip: Investors Back to Break-Even as Market Eyes Next Week's Index Inclusion

Shares of SpaceX, the aerospace company led by Elon Musk, have fallen for two consecutive trading days, bringing the average investor's return back to the break-even point.

U.S. broadcaster CNBC reported that as of yesterday, June 18 (local time), SpaceX shares closed at $184.98, down 3.6% from the previous day.

This figure is similar to the volume-weighted average price of $181.71 over the five trading days since SpaceX's listing.

In other words, since the average price at which investors actually bought and sold the most shares over the past five days is $181.71, the current stock price is nearly identical to that level, meaning investors are essentially breaking even.

SpaceX drew significant attention even before its debut as the largest initial public offering (IPO) in history.

Starting with an offering price of $135 on the 12th, the stock showed double-digit growth, at one point climbing to $225 and surpassing Amazon and Microsoft to become the fourth-largest company by market capitalization.

However, the stock has been on a downward trend since the 17th, erasing most of its gains.

Investors are now focusing on the possibility of SpaceX being included in major indices.

According to the investment media outlet Investopedia, there is a possibility that SpaceX could be added to the CRSP and S&P Dow Jones indices as early as next week.

If index providers include SpaceX in major stock indices, funds managed by firms like Vanguard and BlackRock that track those indices will be required to purchase SpaceX shares in a certain proportion.

This is known as the inflow of "passive funds," which means that mechanical buying demand will be generated following the index inclusion, rather than a new assessment of the company's value.

SpaceX is also scheduled to be included in the Russell and MSCI indices in the future.

Traders expect SpaceX shares to fluctuate between a low of $166 and a high of $204 by next Friday.
※ Please note: This article was translated by AI and may contain errors.