Shares of SpaceX slipped for a second trading day on Monday, bringing Elon Musk's company closer to its $135 initial public offering price just days after making its entrance into the Nasdaq-100. The stock has also slipped behind its June 12 debut price of $150.
SPCX was added to the Nasdaq-100 last week. The move into the widely-tracked benchmark index saw a fresh wave of passive investors buy into SpaceX, as funds that track the Nasdaq-100 matched the new lineup.
The exchange recently revised its rules for new public companies to become part of the index, allowing the space and artificial intelligence company to be included within a month of going public.
