SpaceX Secures NASA Satellite Launch Contract…SPCX Drops Over 2%

SpaceX has secured a NASA contract to launch the StarBurst satellite using its Falcon 9 rocket, with the mission scheduled for as early as 2028. Despite this positive development, shares of SpaceX (SPCX) dropped more than 2%.

CoinGecko reported that the adjustment of SpaceX's weight in the Nasdaq-100 index is emerging as a larger short-term market factor, according to a report from CoinGecko on October 18 (local time). NASA announced on October 17 that it had selected SpaceX for the StarBurst satellite launch using Falcon 9.