SpaceX shares fell 6.83% to close at $149.47 on July 7, marking a new low since its Nasdaq debut on June 12. The stock dipped to an intraday low of $149.09, falling below its initial opening price of $150, though it remains above the IPO issue price of $135. This decline coincided with SpaceX's inclusion in the Nasdaq 100 index, which was expected to provide a boost from passive fund inflows. However, the stock faced downward pressure amid a broader tech sector pullback, leading to a significant adjustment.