SpaceX Nasdaq 100 Inclusion July 7: Should You Buy Shares Now

Space Exploration Technologies Corp. (NASDAQ:SPCX) builds and launches rockets, satellites and spacecraft, and its Starlink broadband network has become the company's biggest revenue driver. Shares are climbing this week on renewed attention to the company's index positioning and its unusually thin public float, with the stock trading at 152.16 dollars, up 2.87% on the day.

At a Glance

• Price: 152.16 dollars, up 2.87% on the day
• 52 week range: 21.62 to 225.64 dollars
• Market cap: 1.95 trillion dollars
• Dividend yield: 0.32%
• RSI: 63.27

Why the Float Matters More Than the Fundamentals Right Now

SPCX has traded in an extraordinarily wide band over the past year, swinging from 21.62 dollars to 225.64 dollars. At 152.16 dollars, shares sit well above the midpoint of that range but still far below the 52 week high, leaving room for further mean reversion in either direction. The setup that has traders talking is the company's float, which industry estimates put at roughly 4% of shares outstanding. When a stock with that little tradable supply attracts large passive buying, even modest dollar flows can move the price disproportionately. That dynamic, rather than any change in launch cadence or satellite deployment, is what has driven much of the recent volume.

Valuation, Momentum (RSI) and Yield

The market now prices SPCX at a 1.95 trillion dollar valuation, an extraordinary figure for a company that posted a net loss of 4.9 billion dollars last year. There is no meaningful trailing P/E to anchor the stock, since earnings per share remain negative, which means traditional valuation multiples offer little guidance here. The 0.32% dividend yield is negligible and should be read as a byproduct of the share price rather than a genuine income signal. Momentum readings are firmer: an RSI of 63.27 shows the stock trending toward overbought territory without yet flashing an extreme reading, consistent with steady buying interest rather than a speculative blowoff.

The bull case rests on SpaceX's dominant position in commercial launch and the scaling economics of Starlink, which could eventually turn the balance sheet from cash burn to cash generation. Bears point to the trillion dollar plus valuation sitting atop a business still losing billions annually, and to the risk that any float driven price spike unwinds once passive buying pressure fades. A stock this thinly floated can also see sharp downside moves on comparatively light selling volume.

How Much of This Move Is Structural Buying Versus Genuine Demand?

Separating index driven flows from organic investor conviction is difficult when a float this small absorbs large capital inflows. The 2.87% daily gain and RSI near 63 suggest momentum traders are active, but whether that translates into a durable repricing or a temporary distortion tied to a specific buying event remains an open question for anyone watching the stock's next several sessions.