SpaceX Stock Price Volatility Looms Amid Macro Pressures and Nasdaq Rebalancing

SpaceX is facing a volatile week due to macro pressures and its larger weighting in the NASDAQ. The company's stock price is currently at $148, but analysts are divided on whether it will drop below $140.

The upcoming Starship test flight on September 18 could be a catalyst for SpaceX stock movements. If successful, it could bode well for the stock, while delays or hiccups may push the price down. Bloomberg notes that the increased weighting in the NASDAQ could trigger billions of dollars of buying by passive funds.

The Federal Open Market Committee (FOMC) meeting on September 15-16 will also impact SpaceX stock price. There is an 80% chance that the Fed will hike rates by 25 basis points, which may push the stock below $140 if not already priced in.