The largest IPO ever joins the Nasdaq 100, but past experiences of companies like Palantir and Strategy indicate potential volatility post-inclusion.
By James Van Straten, AI Boost|Edited by Omkar Godbole Jul 6, 2026, 11:16 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- SpaceX is set to join the Nasdaq 100 on July 7 following a record IPO that rose 50% on its first day, yet shares have since dropped 28% from their peak.
- Historically, significant additions like Palantir and Strategy have seen their stocks peak around their inclusion dates, indicating that joining the index might not always lead to positive momentum.
SpaceX (SPCX) is on track to become part of the Nasdaq 100 on July 7 after securing $75 billion in what is now the largest IPO in history in mid-June.
Following its IPO on June 12, the stock soared to reach as high as $225, but has since decreased to $162 last week. The looming question is how it will perform post-inclusion in the Nasdaq index.
Historically, the outlook is not necessarily optimistic.
Data from previous market behaviors indicates that inclusion in an index, often celebrated as a significant milestone, does not consistently serve as a bullish indicator, especially after a stock has already seen substantial price increases.
This trend occurs because investor sentiment may already be high and has peaked, with expected passive fund inflows likely already factored into the stock price.
Recent notable additions to the Nasdaq 100 exemplify this pattern.
Palantir (PLTR) entered the index on December 23, 2024, but its stock reached its peak just around the time of this inclusion and subsequently fell about 25% in the following weeks.
Similarly, Strategy (MSTR), which is the largest publicly listed company holding bitcoin, joined the Nasdaq 100 on December 23, 2024, but had already peaked the previous month at nearly $543 in November, coinciding with bitcoin trading around $100,000. Currently, the stock is trading around $100, reflecting an approximately 80% drop from that peak.
SpaceX's IPO occurred during the height of excitement surrounding AI infrastructure trades, as semiconductor and memory stocks were experiencing significant gains due to unprecedented demand for AI computing and concerns about chip and high-bandwidth memory (HBM) shortages.
Thus, based on historical trends, SpaceX's stock may not experience a smooth transition after joining the Nasdaq.
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