🔴 SPCX is trading 3.8% down today after sharp SpaceX valuation reset

SPCX is trading at $148.68 (3.8% down) following a sharp multi-day slide tied to SpaceX’s latest valuation reset and funding plans.

• Reports highlight a more than 16% drop in SpaceX’s valuation, erasing over $600 billion in market value.
• The reassessment of private space valuations is pressuring major holders like Scottish Mortgage Investment Trust, which fell nearly 5%.
• This shift in risk appetite and funding outlook for the space sector continues to weigh on the fund in early trading.