BUZZ-SpaceX down ahead of Nasdaq 100 inclusion, brokerages start coverage

SpaceX
NASDAQ-100

SpaceX

SPCX

0.00

NASDAQ-100

NDX

0.00

** SpaceX SPCX.O shares down 1.3% at $158.32 in premarket trading

** Co to join Nasdaq-100, 15 days after debut, among fastest inclusions ever

** Brokerages initiate coverage on stock as research quiet period ends, with broadly bullish ratings

** "The case for SpaceX depends on success of its space launch capabilities (particularly Starship), with value creation mainly from AI through orbital data centers" - Bernstein

** Last month, Oppenheimer became the first to initiate coverage with an "outperform" rating

** Current median PT of 13 analysts covering the stock is $216 - LSEG-compiled data

** SPCX shares have gained more than 6% since their debut