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00:02SpaceX stock closed at $148 on Wednesday, below its first trading price of $150 for a second straight day, according
00:11to CNBC.
00:12The stock was added to the NASDAQ 100 on Tuesday, less than a month after its June 12th market debut.
00:18The inclusion required index funds and ETFs tied to the benchmark to buy SpaceX shares.
00:24SpaceX's record, IPO, raised $85.7 billion after underwriters exercised the over-allotment option.
00:31The company initially offered 555.6 million shares at $135 each.
00:38Shares surged after the debut and reached a closing high of $201.80 on June 16th.
00:44Several analysts initiated mostly bullish ratings after the NASDAQ 100 inclusion,
00:48while Moffitt Nathanson started coverage at Neutral and CFRA recommended selling shares.
00:54For all things money, visit Benzinga.com.
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