Woofun AI data shows that SpaceX (NASDAQ: SPCX) stock has declined for the second consecutive trading day, falling below the $150 opening price recorded on its June 12 listing date. The share price is now approaching the $135 IPO valuation.

The company was added to the Nasdaq 100 index last week, prompting passive funds to finalize allocations. This inclusion was facilitated by revised Nasdaq rules allowing new listings to join the index within one month, following an initial period of rapid price appreciation.