🔴 Global X Space Tech Index ETF is trading 1.8% down today as SpaceX IPO euphoria unwinds

Global X Space Tech Index ETF is trading 1.8% down today as investors continue to unwind last week’s sharp, SpaceX-driven rally. Profit-taking across space-related names following the volatile SpaceX (SPCX) IPO remains the primary drag, extending a reversal from the sector's June spike.

• The downward move appears to be sector-specific normalization following extreme volatility rather than a macro-driven trend, as broader equity markets remain firm.
• The selloff marks a significant cooling of investor sentiment after the recent sector-wide surge tied to the SpaceX public debut.