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Wall Street called for $300, but why SpaceX shares fell below IPO price

SpaceX shares closed at $148 on July 8, a second straight day below their $150 first-trade price, despite inclusion in the Nasdaq 100. The stock surged about 50% in its first three sessions after listing, then gave back most gains. The company raised $85.7 billion including a greenshoe after pricing 555.6 million shares at $135. Analysts cite valuation, limited float and pre-positioning ahead of index inclusion as key factors.