TradingKey - On July 6, Eastern Time, just one day before SpaceX (SPCX) was officially included in the Nasdaq 100 Index, the company submitted a routine semi-annual report to the U.S. Federal Communications Commission (FCC). The report shows that over the past six months, SpaceX actively deorbited 260 Starlink satellites, with another 349 retired satellites awaiting disposal. The total of 609 satellites accounts for 5.7% of its active in-orbit constellation.

SpaceX joins the Nasdaq-100 on July 7, triggering $4.3B in forced buying from QQQ into a stock with only 3–5% public float. SPCX at $160.96 with 10M Starlink subscribers and $27.8B in AI compute contracts.

TradingKey - In the 2026 AI sector, the most wild valuation stories come not only from Anthropic and OpenAI, but also from Reflection AI, an open-source AI startup founded just two years ago.

SpaceX's debut bond continues to weaken, which will lower its valuation ceiling, though this may be offset in the short term by the positive news of its potential inclusion in the Nasdaq.

The FAA's issuance of regulatory requirements and Elon Musk's denial of AI equipment—two major pieces of negative news—have triggered a plunge in SpaceX's stock price, which may "test the bottom" again at $150 in the short term.

TradingKey - On July 1, Eastern Time, the three major US stock index futures fell collectively in pre-market trading. As of press time, Dow Jones Industrial Average futures fell 0.24%, S&P 500 Index futures fell 0.17%, and Nasdaq 100 Index futures fell 0.39%. Overall market sentiment was weak, with the semiconductor and memory sectors acting as the main drag on the broader market.
