US Stock Market: Starship, AI ambitions fuel bullish Wall Street outlook on newly listed SpaceX

SpaceX was added to the Nasdaq-100 index on Tuesday, less than a month after its June 12 IPO, making it one of the fastest firms to enter the benchmark. J.P. Morgan estimates the inclusion could generate around $4.3 billion in passive inflows, though SpaceX shares fell 5.4% on Tuesday amid broader tech weakness. Brokerages including Morgan Stanley, Goldman Sachs and J.P. Morgan launched coverage with broadly bullish views, with Raymond James setting a Street-high price target of $800 against the $135 IPO price.