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.

Jim Cramer said the successful stock market debut of SpaceX could encourage new listings by artificial intelligence-related companies and help lift investor sentiment across Wall Street. He reviewed this week’s key events, including U.S. economic data, a Federal Reserve meeting and a Nasdaq 100 index rebalancing, saying they could raise short-term volatility while strengthening risk appetite over the medium to long term. He also cited possible geopolitical risk easing as an additional factor.