SpaceX joins Nasdaq 100: Musk's flight, but is the price right?

Getting into the Nasdaq 100 means SpaceX is officially a big shot in the stock market, an honor usually reserved for the 100 largest non-financial companies listed on Nasdaq. It's a great calling card, attracting investors and making everyone feel important. Think of it as winning the tech finance Oscar.

SpaceX's inclusion in the Nasdaq 100 occurred on Tuesday, July 7, 2026, solidifying its position among tech giants. This move typically boosts a stock's visibility and liquidity. It's not every day you get into such an exclusive club, is it?

While many analysts are popping champagne and shouting "buy, buy!", not everyone is on board. There's always someone to spoil the party, right? This time, the party pooper is Nicholas Owens, a Morningstar analyst, who has a decidedly less enthusiastic view.

Owens, pulling no punches, slapped a firm "sell" rating on SpaceX stock. He even set a price target of $62, arguing the shares are significantly overvalued. Basically, he's saying Musk is selling smoke for a gold price. Brave man, going against the crowd!

Well, SpaceX isn't just rockets and astronauts. It's also crazy innovation, internet satellites (Starlink, anyone?), and a futuristic vision that, like it or not, makes it a major tech player. The Nasdaq 100 isn't just for software companies, but for those pushing the limits of innovation, even if it's in orbit.

SpaceX's entry into the Nasdaq 100 highlights how the space sector is now intrinsically linked to technology. It's no longer niche sci-fi, but a multi-billion-dollar business attracting major funds. Gravity isn't the only thing keeping prices down, apparently.