spcx has been dropping quite a bit these past few days SPCX June 18: SpaceX gets included in the CRSP index. Expected to trigger $4B-$7B in forced buying by passive funds. • June 18: SpaceX gets included in the FTSE Russell index. Expected to trigger $6B-$9B in forced buying by passive funds. • June 26: SpaceX gets included in the MSCI index. Expected to trigger $3B-$5B in forced buying by passive funds. • July 6: SpaceX gets included in the Nasdaq 100 index. Expected to trigger $8B-$12B in forced buying by passive funds. Checked the June 18th closing—clearly some arbitrage funds bought early and sold to passive funds. Also, new U.S. stocks generally perform okay around IPO prices.