SpaceX is trading at $126.49 (-3.5%) in after-hours, extending a multi-day slide from its IPO highs as investors reassess valuation and supply risks.
- Short interest has surged to roughly 29% of the public float, fueling selling pressure amid a broader weakness in the technology sector.
- Market sentiment is being weighed down by aggressive profit-taking and fears surrounding upcoming lock-up expirations and a large bond deal.