SpaceX Shares Drop with Nvidia Gaining Value; Nasdaq-100 Inclusion Question Returns
SpaceX slid 3.6% to $185, widening its valuation gap with Nvidia, which rose 3% to $210.69 and now boasts a $5.14 trillion market cap—over double SpaceX’s $2.4 trillion—while SpaceX’s exclusion from the Nasdaq-100 limits passive fund buying and adds volatility as profit-taking and a small free float drive sharp price swings.