SpaceX shares hit post-IPO low near $135 offer price after Nasdaq-100 entry

SpaceX shares fell below $140, trading near $139 and down about 4% on the day, as the stock extended its post-IPO decline despite fresh regulatory progress and recent inclusion in the Nasdaq-100. The shares are now close to the company’s $135 IPO price, below the $150 opening level from last month’s debut, and more than 12% lower over the past five trading days. The FAA said it has closed its investigation into the Starship Flight 12 mishap after reviewing and accepting SpaceX’s findings and corrective actions. The regulator said there were no reports of public injuries or damage to public property and that the company may proceed with preparations for Starship Flight 13, provided all remaining safety and licensing requirements are met. The stock’s weakness has persisted even as Wall Street firms including Morgan Stanley, Goldman Sachs and Citi have kept bullish ratings on the shares. Raymond James recently initiated coverage with a Strong Buy rating and an $800 price target, a forecast it said implies upside of more than 400% from current levels. With Starship Flight 13 expected as early as this week, the next launch is emerging as a key near-term catalyst for both the program and investor sentiment.