JEDI.L is trading down 3.8% at $91.33 as investors rotate out of speculative space and satellite stocks amid a broader risk-off tone in growth assets.
- The move was compounded by a steep decline in newly listed SpaceX (SPCX), which tumbled over 16% after announcing a large bond offering.
- The weakness in SpaceX soured sentiment across commercial space names, dragging the broader space-innovation complex lower.